What’s Sirius XM Canada Holdings Inc Upside After Reaching 52-Week High?

 What's Sirius XM Canada Holdings Inc Upside After Reaching 52 Week High?

The stock of Sirius XM Canada Holdings Inc (TSE:XSR) hit a new 52-week high and has $6.68 target or 35.00% above today’s $4.95 share price. The 5 months bullish chart indicates low risk for the $523.14 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $6.68 price target is reached, the company will be worth $183.10M 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 78,200 shares traded hands. Sirius XM Canada Holdings Inc (TSE:XSR) has risen 8.83% since April 5, 2016 and is uptrending. It has outperformed by 4.05% the S&P500.

Sirius XM Canada Holdings Inc (TSE:XSR) Ratings Coverage

Out of 3 analysts covering Sirius XM Canada Holdings Inc. (TSE:XSR), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $6 is the highest target while $0.50 is the lowest. The $4.74 average target is -4.24% below today’s ($4.95) stock price. Sirius XM Canada Holdings Inc. has been the topic of 11 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Wednesday, August 31 by Canaccord Genuity. The stock of Sirius XM Canada Holdings Inc (TSE:XSR) has “Sector Performer” rating given on Monday, November 2 by IBC. RBC Capital Markets maintained Sirius XM Canada Holdings Inc (TSE:XSR) on Friday, December 18 with “Sector Perform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 14 report. The stock of Sirius XM Canada Holdings Inc (TSE:XSR) earned “Hold” rating by TD Securities on Wednesday, August 31. The stock of Sirius XM Canada Holdings Inc (TSE:XSR) has “Sector Perform” rating given on Monday, November 2 by RBC Capital Markets. The stock has “Hold” rating given by TD Securities on Friday, July 15.

More notable recent Sirius XM Canada Holdings Inc (TSE:XSR) news were published by: Reuters.com which released: “Sirius XM Canada Holdings says approached for deal” on February 12, 2016, also Reuters.com with their article: “Sirius XM Canada to be taken private by SiriusXM, top Canadian ho…” published on May 13, 2016, Business.Financialpost.com published: “Sirius XM Canada Holdings Inc. sees revenue boost due to subscriber growth” on September 28, 2016. More interesting news about Sirius XM Canada Holdings Inc (TSE:XSR) were released by: Business.Financialpost.com and their article: “Sirius XM Canada Holdings Inc shareholders vote in favour of privatization deal” published on August 30, 2016 as well as Law360.com‘s news article titled: “Sirius XM Canada To Arbitrate $34M Fee Dispute” with publication date: April 27, 2016.

Sirius XM Canada Holdings Inc. is an audio entertainment company. The company has a market cap of $523.14 million. The Firm is a subscription media company, which is engaged in establishing and operating a Canadian satellite radio service. It has a 12.84 P/E ratio. It broadcasts over 130 satellite radio channels.

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