The stock of Cott Corporation (TSE:BCB) gapped up by $0.69 today and has $29.59 target or 56.00% above today’s $18.97 share price. The 5 months technical chart setup indicates low risk for the $2.65B company. The gap was reported on Nov, 10 by Barchart.com. If the $29.59 price target is reached, the company will be worth $1.48B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 152,245 shares traded hands. Cott Corporation (TSE:BCB) has declined 3.71% since April 6, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.
More notable recent Cott Corporation (TSE:BCB) news were published by: Fool.com which released: “Why Cott Corporation Stock Jumped 10%” on August 05, 2016, also Streetinsider.com with their article: “Cott Corp. (COT) to Acquire S&D Coffee in $355M Deal; Reports Q2 Results” published on August 04, 2016, Streetinsider.com published: “Cott Corp. (COT) to Acquire Eden Springs in EUR 470M Deal” on June 07, 2016. More interesting news about Cott Corporation (TSE:BCB) were released by: Zacks.com and their article: “Is Cott Corporation (COT) Stock a Solid Choice Right Now?” published on October 20, 2016 as well as Streetinsider.com‘s news article titled: “Cott Corp. (COT) To Acquire Canada’s Aquaterra for ~$47M” with publication date: December 08, 2015.
Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The company has a market cap of $2.65 billion. The Firm operates through four divisions: DSS; Cott North America; Cott United Kingdom , and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses. It has a 418.03 P/E ratio. The DSS segment provides direct-to-consumer products, such as bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, and filtration equipment.
BCB.TO Company Profile
Cott Corporation, incorporated on December 31, 2006, along with its subsidiaries, is engaged in the production of beverages on behalf of retailers, brand owners and distributors. The Firm operates through four divisions: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.
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