Aecon Group (OTCMKTS:AEGXF) Given New C$13.00 Price Target at Royal Bank of Canada

Aecon Group (OTCMKTS:AEGXFGet Rating) had its price target trimmed by Royal Bank of Canada from C$16.00 to C$13.00 in a report issued on Tuesday, The Fly reports.

Other analysts have also recently issued reports about the company. TD Securities cut Aecon Group from a buy rating to a hold rating in a research report on Tuesday. BMO Capital Markets reduced their price objective on Aecon Group from C$14.00 to C$13.00 in a report on Monday, August 1st. FIX cut Aecon Group from a buy rating to a hold rating and reduced their price objective for the stock from C$20.00 to C$11.00 in a report on Monday, August 1st. Stifel Nicolaus reduced their price objective on Aecon Group from C$18.00 to C$14.00 in a report on Monday, July 11th. Finally, Desjardins cut Aecon Group from a buy rating to a hold rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Aecon Group currently has a consensus rating of Hold and an average target price of $16.72.

Aecon Group Stock Performance

AEGXF opened at $8.53 on Tuesday. Aecon Group has a one year low of $8.26 and a one year high of $17.47. The business’s 50-day simple moving average is $10.16 and its 200-day simple moving average is $11.79.

Aecon Group Company Profile

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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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