Aecon Group Inc. (OTCMKTS:AEGXF – Get Rating) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 131,200 shares, a drop of 25.4% from the July 15th total of 175,900 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is currently 93.7 days.

Aecon Group Price Performance

Aecon Group stock opened at $9.07 on Monday. Aecon Group has a 1 year low of $8.26 and a 1 year high of $17.47. The firm has a 50-day moving average of $9.86 and a two-hundred day moving average of $11.62.

Analyst Upgrades and Downgrades

AEGXF has been the subject of a number of recent research reports. Raymond James dropped their price objective on shares of Aecon Group from C$21.00 to C$17.00 in a research note on Tuesday, August 2nd. TD Securities cut shares of Aecon Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 2nd. Desjardins cut shares of Aecon Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 2nd. Stifel Nicolaus dropped their price target on shares of Aecon Group from C$14.00 to C$11.00 in a research note on Tuesday, August 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Aecon Group from C$16.00 to C$13.00 in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Aecon Group presently has a consensus rating of "Hold" and a consensus price target of $16.72.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.

Further Reading

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