Concordia International Corp’s Trend Down, Especially After Today’s Weak Session

 Concordia International Corp's Trend Down, Especially After Today's Weak Session

The stock of Concordia International Corp (TSE:CXR) is a huge mover today! About 2.04M shares traded hands or 111.26% up from the average. Concordia International Corp (TSE:CXR) has declined 87.10% since April 1, 2016 and is downtrending. It has underperformed by 89.06% the S&P500.
The move comes after 8 months negative chart setup for the $137.54 million company. It was reported on Nov, 7 by Barchart.com. We have $2.48 PT which if reached, will make TSE:CXR worth $13.75 million less.

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 $32.90 average target is 1096.36% above today’s ($2.75) stock price. Concordia Healthcare Corp has been the topic of 23 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Concordia International Corp (TSE:CXR) has “Outperform” rating given on Tuesday, October 11 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Monday, May 16 with “Outperform”. RBC Capital Markets maintained the shares of CXR in a report on Monday, October 24 with “Outperform” rating. The firm has “Outperform” rating given on Monday, October 17 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, January 8 by RBC Capital Markets. The stock of Concordia International Corp (TSE:CXR) has “Outperform” rating given on Tuesday, June 7 by RBC Capital Markets. On Monday, June 20 the stock rating was maintained by RBC Capital Markets with “Outperform”. Goldman Sachs maintained Concordia International Corp (TSE:CXR) on Friday, July 22 with “” rating. As per Monday, October 31, the company rating was maintained by RBC Capital Markets. Mackie downgraded the shares of CXR in a report on Thursday, December 3 to “Hold” rating.

More notable recent Concordia International Corp (TSE:CXR) news were published by: Prnewswire.com which released: “Concordia International Corp. Announces Communication With CMA” on October 25, 2016, also Finance.Yahoo.com with their article: “Concordia International Corp. Announces CEO Transition Plan” published on October 21, 2016, Marketwatch.com published: “Concordia International Corp. Announces Second Cross Currency Swap Agreement” on November 01, 2016. More interesting news about Concordia International Corp (TSE:CXR) were released by: Prnewswire.com and their article: “Shareholder Class Action Filed Against Concordia International Corp. – CXRX” published on August 17, 2016 as well as Business.Financialpost.com‘s news article titled: “Concordia International Corp takeover unlikely – Goldman” with publication date: September 27, 2016.

Concordia International Corp, formerly Concordia Healthcare Corp, is a Canada pharmaceutical company. The company has a market cap of $137.54 million. The Company, through subsidiaries, owns a portfolio of branded and generic prescription products. It currently has negative earnings.

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