The stock of Collins Foods Ltd (ASX:CKF) hit a new 52-week high and has $8.10 target or 50.00% above today’s $5.40 share price. The 7 months bullish chart indicates low risk for the $517.71M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $8.10 price target is reached, the company will be worth $258.86M 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 increased 2.47% or $0.13 on November 17, hitting $5.4. About 301,437 shares traded hands. Collins Foods Ltd (ASX:CKF) has risen 30.12% since April 21, 2016 and is uptrending. It has outperformed by 25.50% the S&P500.
More notable recent Collins Foods Ltd (ASX:CKF) news were published by: Fool.com.Au which released: “Are investors too chicken to buy Collins Foods Ltd?” on April 07, 2016, also Fool.com.Au with their article: “Is Collins Foods Ltd the next Domino’s Pizza Enterprises Ltd?” published on November 01, 2016, Fool.com.Au published: “Is KFC operator Collins Foods Ltd looking finger-licking good?” on July 11, 2016. More interesting news about Collins Foods Ltd (ASX:CKF) were released by: Fool.com.Au and their article: “Are Collins Foods Ltd shares good to sink your teeth into?” published on December 17, 2015 as well as Fool.com.Au‘s news article titled: “Why the Collins Foods Ltd share price jumped 7% today” with publication date: May 19, 2016.
Collins Foods Limited is engaged in the operation, management and administration of restaurants. The company has a market cap of $517.71 million. The Firm operates in three divisions: KFC Restaurants, Sizzler Restaurants and Shared Services. It has a 17.38 P/E ratio. The Company’s restaurants comprise approximately three restaurant brands, including KFC Restaurants, Sizzler Restaurants and Snag Stand joint venture outlets.
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