The stock of Canadian Life Companies Split Corp. (TSE:LFE) hit a new 52-week high and has $10.31 target or 118.00% above today’s $4.73 share price. The 6 months bullish chart indicates low risk for the $71.63 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $10.31 price target is reached, the company will be worth $84.52M 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 9,500 shares traded hands. Canadian Life Companies Split Corp. (TSE:LFE) has risen 50.47% since April 7, 2016 and is uptrending. It has outperformed by 44.32% the S&P500.
More notable recent Canadian Life Companies Split Corp. (TSE:LFE) news were published by: Marketwired.com which released: “Canadian Life Companies Split Corp. Declares Preferred Share Dividend” on July 20, 2016, also News.Sys-Con.com with their article: “Canadian Life Companies Split Corp. Preferred Dividend Declared” published on October 19, 2016, Theglobeandmail.com published: “Ups and downs of split shares” on March 01, 2011. More interesting news about Canadian Life Companies Split Corp. (TSE:LFE) were released by: Marketwatch.com and their article: “Brompton Lifeco Split Corp. Announces Distribution” published on October 20, 2016 as well as Wsj.com‘s news article titled: “Alcoa Details Plans to Split Into Two Companies” with publication date: June 29, 2016.
Canadian Life Companies Split Corp. is a mutual fund corporation. The company has a market cap of $71.63 million. The Firm invests primarily in a portfolio of common shares of approximately four core large capitalization Canadian life insurance companies, such as Great West Lifeco Inc., Manulife Financial Corporation, Industrial-Alliance Insurance & Financial Services and Sun Life Financial Inc. It currently has negative earnings. The Firm offers two types of shares: Preferred shares and Class A shares.
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