The stock of Costa Group Holdings Ltd (ASX:CGC) reached all time high today, Nov, 18 and still has $4.17 target or 29.00% above today’s $3.23 share price. This indicates more upside for the $1.04B company. This technical setup was reported by Barchart.com. If the $4.17 PT is reached, the company will be worth $301.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 3.86% or $0.12 on November 18, hitting $3.23. About 2.04 million 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.
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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