What’s Propelling Aecon Group Inc to Decline So Much?

 What's Propelling Aecon Group Inc to Decline So Much?

The stock of Aecon Group Inc (TSE:ARE) is a huge mover today! About 304,745 shares traded hands. Aecon Group Inc (TSE:ARE) has declined 14.01% since April 8, 2016 and is downtrending. It has underperformed by 19.00% the S&P500.
The move comes after 9 months negative chart setup for the $774.36 million company. It was reported on Nov, 14 by Barchart.com. We have $12.35 PT which if reached, will make TSE:ARE worth $61.95 million less.

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 30.40% above today’s ($13.42) 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 “Sector Perform” rating given on Monday, May 2 by National Bank Canada. Scotia Capital upgraded Aecon Group Inc (TSE:ARE) rating on Wednesday, July 29. Scotia Capital has “Outperform” rating and $14.50 price target.

More 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 published the news titled: “Is it Time to Buy Aecon Group Inc.?” on March 04, 2016. Business.Financialpost.com‘s news article titled: “Aecon Group Inc finally sells Quito airport stake, and at a good price” with publication date: June 09, 2015 was also an interesting one.

Aecon Group Inc. is a construction and infrastructure development company. The company has a market cap of $774.36 million. The Firm operates through four divisions: Infrastructure, Energy, Mining and Concessions. It has a 15.86 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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