Time to Buy Aecon Group Inc After Today’s Huge Decline?

 Time to Buy Aecon Group Inc After Today's Huge Decline?

The stock of Aecon Group Inc (TSE:ARE) is a huge mover today! About 118,650 shares traded hands. Aecon Group Inc (TSE:ARE) has risen 9.33% since March 28, 2016 and is uptrending. It has outperformed by 6.32% the S&P500.
The move comes after 8 months negative chart setup for the $991.93M company. It was reported on Nov, 1 by Barchart.com. We have $16.25 PT which if reached, will make TSE:ARE worth $49.60 million less.

Aecon Group Inc (TSE:ARE) Ratings Coverage

Out of 5 analysts covering Aecon Group Inc (TSE:ARE), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $20 is the highest target while $14.50 is the lowest. The $17.57 average target is 2.69% above today’s ($17.11) stock price. Aecon Group Inc has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. National Bank Canada downgraded the shares of ARE in a report on Monday, May 2 to “Sector Perform” rating. The stock has “Outperform” rating given by Scotia Capital on Wednesday, July 29.

More notable recent Aecon Group Inc (TSE:ARE) news were published by: Business.Financialpost.com which released: “Aecon Group Inc downgraded, but it’s not all bad news” on November 26, 2015, also Fool.ca with their article: “Is it Time to Buy Aecon Group Inc.?” published on March 04, 2016, Business.Financialpost.com published: “Aecon Group Inc finally sells Quito airport stake, and at a good price” on June 09, 2015. More interesting news about Aecon Group Inc (TSE:ARE) were released by: Fool.ca and their article: “3 Reasons Why Aecon Group Inc. Is a Good Buy” published on August 12, 2015 as well as Wsj.com‘s news article titled: “SNC-Lavalin, Aecon to Refurbish Ontario Nuclear Plant” with publication date: January 11, 2016.

Aecon Group Inc. is a construction and infrastructure development company. The company has a market cap of $991.93 million. The Firm operates through four divisions: Infrastructure, Energy, Mining and Concessions. It has a 22.19 P/E ratio. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.

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