Could Aecon Group Inc Recover After Today’s Huge Decline?

 Could Aecon Group Inc Recover After Today's Huge Decline?

The stock of Aecon Group Inc (TSE:ARE) is a huge mover today! About 83,498 shares traded hands. Aecon Group Inc (TSE:ARE) has declined 9.73% since April 20, 2016 and is downtrending. It has underperformed by 15.14% the S&P500.
The move comes after 8 months negative chart setup for the $944.08 million company. It was reported on Nov, 24 by Barchart.com. We have $14.20 PT which if reached, will make TSE:ARE worth $84.97 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. Aecon Group Inc has been the topic of 13 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. Scotia Capital upgraded the stock to “Outperform” rating in Wednesday, July 29 report.

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 $944.08 million. The Firm operates through four divisions: Infrastructure, Energy, Mining and Concessions. It has a 18.44 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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