The stock of Canadian Life Companies Split Corp. (TSE:LFE) hit a new 52-week high and has $12.17 target or 117.00% above today’s $5.61 share price. The 5 months bullish chart indicates low risk for the $82.60 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $12.17 price target is reached, the company will be worth $96.64 million 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 42,718 shares traded hands. Canadian Life Companies Split Corp. (TSE:LFE) has risen 67.27% since April 15, 2016 and is uptrending. It has outperformed by 63.41% the S&P500.
More 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 published the news titled: “Canadian Life Companies Split Corp. Preferred Dividend Declared” on October 19, 2016. Theglobeandmail.com‘s news article titled: “Ups and downs of split shares” with publication date: March 01, 2011 was also an interesting one.
Canadian Life Companies Split Corp. is a mutual fund corporation. The company has a market cap of $82.60 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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