Aecon Group (OTCMKTS:AEGXF) Downgraded by TD Securities to Hold

TD Securities downgraded shares of Aecon Group (OTCMKTS:AEGXF – Get Rating) from a buy rating to a hold rating in a research note released on Tuesday, The Fly reports.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Aecon Group from C$14.00 to C$13.00 in a report on Monday, August 1st. FIX lowered shares of Aecon Group from a buy rating to a hold rating and cut their price objective for the company from C$20.00 to C$11.00 in a research report on Monday, August 1st. Royal Bank of Canada cut their price objective on shares of Aecon Group from C$18.00 to C$16.00 in a research report on Thursday, July 21st. Stifel Nicolaus cut their price objective on shares of Aecon Group from C$18.00 to C$14.00 in a research report on Monday, July 11th. Finally, Desjardins lowered shares of Aecon Group from a buy rating to a hold rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aecon Group has a consensus rating of Hold and an average price target of $16.72.

Aecon Group Price Performance

AEGXF opened at $8.53 on Tuesday. The company’s 50-day moving average is $10.16 and its 200 day moving average is $11.79. Aecon Group has a fifty-two week low of $8.26 and a fifty-two week high of $17.47.

About Aecon Group

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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.