Aecon Group Inc. (OTCMKTS:AEGXF – Get Rating) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 386,800 shares, an increase of 194.8% from the July 31st total of 131,200 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is presently 241.8 days.

Aecon Group Price Performance

Aecon Group stock opened at $8.68 on Friday. The firm has a 50-day moving average price of $9.37 and a two-hundred day moving average price of $11.31. Aecon Group has a 52-week low of $8.26 and a 52-week high of $17.47.

Wall Street Analysts Forecast Growth

AEGXF has been the topic of a number of recent research reports. Raymond James decreased their price objective on Aecon Group from C$21.00 to C$17.00 in a research report on Tuesday, August 2nd. FIX lowered Aecon Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$20.00 to C$11.00 in a research note on Monday, August 1st. Stifel Nicolaus reduced their price objective on Aecon Group from C$14.00 to C$11.00 in a research note on Tuesday, August 2nd. Desjardins lowered Aecon Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 2nd. Finally, TD Securities cut Aecon Group from a "buy" rating to a "hold" rating in a report on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.

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