The stock of Credit Corp Group Limited (ASX:CCP) reached all time high today, Oct, 18 and still has $25.46 target or 28.00% above today’s $19.89 share price. This indicates more upside for the $934.64M company. This technical setup was reported by Barchart.com. If the $25.46 PT is reached, the company will be worth $261.70M 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. The stock increased 5.91% or $1.11 on October 18, hitting $19.89. About 622,143 shares traded hands or 176.24% up from the average. Credit Corp Group Limited (ASX:CCP) has risen 98.90% since March 22, 2016 and is uptrending. It has outperformed by 93.42% the S&P500.
More notable recent Credit Corp Group Limited (ASX:CCP) news were published by: Fool.com.Au which released: “Credit Corp Group Limited rockets on double-digit profit growth forecast” on August 02, 2016, also Fool.com.Au with their article: “Why the Credit Corp Group Ltd share price is rocketing today” published on September 13, 2016, Fool.com.Au published: “Here’s why Credit Corp Group Limited shares are soaring 8% higher” on January 28, 2016. More interesting news about Credit Corp Group Limited (ASX:CCP) were released by: Fool.com.Au and their article: “Here’s why the Credit Corp Group Ltd share price is defying the market today” published on May 12, 2016 as well as Fool.com.Au‘s news article titled: “3 financial stocks to buy and 3 to avoid for the rest of 2016” with publication date: September 19, 2016.
Credit Corp Group Limited is an Australia firm engaged in providing financial solutions. The company has a market cap of $934.64 million. The Firm is engaged in debt purchase, collection, as well as consumer lending. It has a 20.52 P/E ratio. The Company’s divisions include Debt ledger purchasing and consumer lending.
CCP Company Profile
Callahan Capital Properties, Inc. incorporated on December 4, 2009, is a real estate private equity firm. The Firm is focused on the acquisition and management of office properties in the central business districts of the United States gateway cities.
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