The stock of Brick Brewing Co. Limited (TSE:BRB) reached all time high today, Sep, 13 and still has $8.35 target or 193.00% above today’s $2.85 share price. This indicates more upside for the $107.09 million company. This technical setup was reported by Barchart.com. If the $8.35 PT is reached, the company will be worth $206.68 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 30,899 shares traded hands. Brick Brewing Co. Limited (TSE:BRB) has risen 45.00% since February 5, 2016 and is uptrending. It has outperformed by 28.51% the S&P500.
Out of 2 analysts covering Brick Brewing Co (TSE:BRB), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3 is the highest target while $2.15 is the lowest. The $2.58 average target is -9.47% below today’s ($2.85) stock price. Brick Brewing Co has been the topic of 3 analyst reports since December 11, 2015 according to StockzIntelligence Inc.
Brick Brewing Co. Limited is a Canada brewery. The company has a market cap of $107.09 million. The Firm operates through the segment, which involves in the production, distribution and sale of alcohol products. It has a 42.54 P/E ratio. It produces, sells, markets and distributes packaged and draft beer under the Waterloo brand name, and value beer under the Laker, Red Baron, Red Cap and Formosa brand names .
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