Concordia International Corp Stock Price Hits 52-Week Low Today

 Concordia International Corp Stock Price Hits 52 Week Low Today

The stock of Concordia International Corp (TSE:CXR) hit a new 52-week low and has $3.98 target or 14.00% below today’s $4.63 share price. The 6 months bearish chart indicates high risk for the $212.00M company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $3.98 price target is reached, the company will be worth $29.68 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 184,340 shares traded hands. Concordia International Corp (TSE:CXR) has declined 88.92% since March 10, 2016 and is downtrending. It has underperformed by 94.53% the S&P500.

Concordia International Corp (TSE:CXR) Ratings Coverage

Out of 4 analysts covering Concordia Healthcare Corp (TSE:CXR), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $135 is the highest target while $4.50 is the lowest. The $32.80 average target is 608.42% above today’s ($4.63) stock price. Concordia Healthcare Corp has been the topic of 20 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of CXR in a report on Tuesday, October 11 with “Outperform” rating. The company was maintained on Tuesday, August 11 by RBC Capital Markets. RBC Capital Markets maintained the shares of CXR in a report on Monday, May 16 with “Outperform” rating. The stock of Concordia International Corp (TSE:CXR) has “Outperform” rating given on Monday, June 20 by RBC Capital Markets. Goldman Sachs maintained the stock with “” rating in Friday, July 22 report. Scotia Capital maintained Concordia International Corp (TSE:CXR) on Wednesday, September 9 with “Sector Outperform” rating. The rating was maintained by RBC Capital Markets on Tuesday, June 7 with “Outperform”. RBC Capital Markets maintained Concordia International Corp (TSE:CXR) on Friday, January 8 with “Outperform” rating. Mackie downgraded the shares of CXR in a report on Thursday, December 3 to “Hold” rating.

More important recent Concordia International Corp (TSE:CXR) news were published by: Business.Financialpost.com which released: “Concordia International Corp. faces much more downside – CIBC” on October 14, 2016, also Business.Financialpost.com published article titled: “Concordia International Corp takeover unlikely – Goldman”, Fool.ca published: “Concordia International Corp.: A Safe Buy?” on October 10, 2016. More interesting news about Concordia International Corp (TSE:CXR) was released by: Globenewswire.com and their article: “DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of Concordia …” with publication date: September 29, 2016.

Concordia International Corp, formerly Concordia Healthcare Corp, is a Canada pharmaceutical company. The company has a market cap of $212.00 million. The Company, through subsidiaries, owns a portfolio of branded and generic prescription products. It currently has negative earnings.

CXR Company Profile

CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.

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