Could Costa Group Holdings Ltd Change Direction After Today’s Huge Increase?

 Could Costa Group Holdings Ltd Change Direction After Today's Huge Increase?

The stock of Costa Group Holdings Ltd (ASX:CGC) is a huge mover today! The stock increased 3.86% or $0.12 on November 18, hitting $3.23. About 2.04M shares traded hands or 224.37% up from the average. Costa Group Holdings Ltd (ASX:CGC) has risen 9.49% since April 22, 2016 and is uptrending. It has outperformed by 5.06% the S&P500.
The move comes after 7 months positive chart setup for the $1.04B company. It was reported on Nov, 18 by Barchart.com. We have $4.62 PT which if reached, will make ASX:CGC worth $447.20M more.

More notable recent Costa Group Holdings Ltd (ASX:CGC) news were published by: Fool.com.Au which released: “Is Costa Group Holdings Ltd a raging buy?” on July 18, 2016, also Fool.com.Au with their article: “Why I’m excited about Costa Group Holdings Ltd shares” published on August 25, 2016, Fool.com.Au published: “Should you take a bite of the Costa Group Holdings Limited IPO?” on July 15, 2015. More interesting news about Costa Group Holdings Ltd (ASX:CGC) were released by: Fool.com.Au and their article: “Should you buy Costa Group Holdings and Select Harvests Limited for Chinese …” published on February 25, 2016 as well as Reuters.com‘s news article titled: “Australia’s Costa Group prices IPO near bottom of target range -s…” with publication date: July 22, 2015.

Costa Group Holdings Limited is a horticulture company. The company has a market cap of $1.04 billion. The Firm is principally engaged in the growing of mushrooms, blueberries, raspberries, glasshouse grown tomatoes, citrus and other selected fruits within Australia; the packing, marketing and distribution of fruit and vegetables within Australia and to export markets; provision of chilled logistics warehousing and services within Australia, and licensing of blueberry varieties and berry farming in international markets. It has a 40.77 P/E ratio.

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