Aecon Group Inc Increases Again; Strong Momentum for Buyers

 Aecon Group Inc Increases Again; Strong Momentum for Buyers

The stock of Aecon Group Inc (TSE:ARE) is a huge mover today! About 163,211 shares traded hands. Aecon Group Inc (TSE:ARE) has declined 13.88% since April 6, 2016 and is downtrending. It has underperformed by 19.53% the S&P500.
The move comes after 6 months positive chart setup for the $833.54 million company. It was reported on Nov, 10 by Barchart.com. We have $19.67 PT which if reached, will make TSE:ARE worth $333.42 million more.

Aecon Group Inc (TSE:ARE) Ratings Coverage

Out of 7 analysts covering Aecon Group Inc (TSE:ARE), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $20 is the highest target while $14.50 is the lowest. The $17.50 average target is 24.56% above today’s ($14.05) stock price. Aecon Group Inc has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Aecon Group Inc (TSE:ARE) has “Outperform” rating given on Wednesday, July 29 by Scotia Capital. As per Monday, May 2, the company rating was downgraded by National Bank Canada.

More news for Aecon Group Inc (TSE:ARE) were recently published by: Business.Financialpost.com, which released: “Aecon Group Inc downgraded, but it’s not all bad news” on November 26, 2015. Fool.ca‘s article titled: “Is it Time to Buy Aecon Group Inc.?” and published on March 04, 2016 is yet another important article.

Aecon Group Inc. is a construction and infrastructure development company. The company has a market cap of $833.54 million. The Firm operates through four divisions: Infrastructure, Energy, Mining and Concessions. It has a 16.61 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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