The stock of Brick Brewing Co. Limited (TSE:BRB) hit a new 52-week high and has $4.50 target or 58.00% above today’s $2.85 share price. The 9 months bullish chart indicates low risk for the $107.09M company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $4.50 price target is reached, the company will be worth $62.11 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. 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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