The stock of Student Transportation Inc. (TSE:STB) gapped up by $0.03 today and has $8.44 target or 9.00% above today’s $7.74 share price. The 9 months technical chart setup indicates low risk for the $705.81 million company. The gap was reported on Nov, 22 by Barchart.com. If the $8.44 price target is reached, the company will be worth $63.52M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 56,989 shares traded hands. Student Transportation Inc. (TSE:STB) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
Student Transportation Inc. (TSE:STB) Ratings Coverage
Out of 3 analysts covering Student Transportation Inc. (TSE:STB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $7.75 is the highest target while $6.50 is the lowest. The $7.58 average target is -2.07% below today’s ($7.74) stock price. Student Transportation Inc. has been the topic of 6 analyst reports since September 16, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, September 16. Scotia Capital maintained the stock with “Sector Perform” rating in Wednesday, September 16 report.
More recent Student Transportation Inc. (TSE:STB) news were published by: Prnewswire.com which released: “Synoptek Renews National Partnership with Student Transportation Inc. (STI)” on August 31, 2016. Also Globenewswire.com published the news titled: “Student Transportation Inc. Resets Senior Credit Facility, â€œCallsâ€ Convertible …” on July 27, 2016. Globenewswire.com‘s news article titled: “Student Transportation Inc. Adds Iowa to Its Map with New Contract” with publication date: June 06, 2016 was also an interesting one.
Student Transportation Inc. is engaged in providing school bus transportation services in North America. The company has a market cap of $705.81 million. The Firm operates through two divisions: transportation, and gas and oil. It currently has negative earnings. The transportation segment provides school bus and management services to public and private schools in North America.
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