The stock of People Corp (CVE:PEO) hit a new 52-week high and has $4.53 target or 7.00% above today’s $4.23 share price. The 5 months bullish chart indicates low risk for the $214.09 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $4.53 price target is reached, the company will be worth $14.99 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 5,600 shares traded hands. People Corp (CVE:PEO) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
People Corp (CVE:PEO) Ratings Coverage
Out of 2 analysts covering People-Corporation (CVE:PEO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $4 is the highest target while $3.75 is the lowest. The $3.88 average target is -8.27% below today’s ($4.23) stock price. People-Corporation has been the topic of 2 analyst reports since July 28, 2015 according to StockzIntelligence Inc.
More news for People Corp (CVE:PEO) were recently published by: Reuters.com, which released: “US probes Seaboard Corp for links to people on terror list: WSJ” on November 22, 2016. Wsj.com‘s article titled: “Terror Finance Abroad Touches Thanksgiving at Home” and published on November 21, 2016 is yet another important article.
People Corporation is a Canada-based employee benefit, pension and human resource consulting firm. The company has a market cap of $214.09 million. The Firm offers benefit, pension and human resource solutions to its clients. It has a 168.06 P/E ratio. The Firm delivers employee group benefit consulting, third party benefits administration, group retirement consulting, strategic human resource consulting and recruitment services.
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