The stock of Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) hit a new 52-week high and has $27.60 target or 53.00% above today’s $18.04 share price. The 5 months bullish chart indicates low risk for the $918.65 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $27.60 price target is reached, the company will be worth $486.88M 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. The stock last traded at $18.04 per share. It is down 60.50% since March 16, 2016 and is uptrending. It has outperformed by 54.95% the S&P500.
According to Zacks Investment Research, “CRESUD SA-ADR is involved in the Agriculture Industry. They are based in Argentine and they produce basic agricultural products. Products such as beef, milk or crops.”
More recent Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on December 21, 2009. Seekingalpha.com‘s news article titled: “Cresud May Be Undervalued, But Value Creation Is Complicated” with publication date: October 06, 2016 was also an interesting one.
CRESY Company Profile
Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria, incorporated on February 19, 1937, is an agricultural firm engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. The Firm is involved in various farming activities, including grains and sugarcane production, beef cattle raising and milk production. In addition, it leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant. It is also directly engaged in the Argentine real estate business through its subsidiary Inversiones y Representaciones Sociedad Anonima (IRSA), a real estate company. IRSA is engaged in the development, acquisition and operation of shopping centers, offices and hotels in Argentina, as well as the development of residential properties. It operates in two businesses areas, namely, Agricultural and Investment and Development Properties. The Company’s crop production is mainly based on grains and oilseeds, and sugarcane.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.