The stock of Brompton Split Banc Corp. (TSE:SBC) hit a new 52-week high and has $15.05 target or 3.00% above today’s $14.61 share price. The 8 months bullish chart indicates low risk for the $99.98 million company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $15.05 price target is reached, the company will be worth $3.00M 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 500 shares traded hands. Brompton Split Banc Corp. (TSE:SBC) has risen 11.33% since April 20, 2016 and is uptrending. It has outperformed by 5.92% the S&P500.
More important recent Brompton Split Banc Corp. (TSE:SBC) news were published by: Marketwatch.com which released: “Brompton Funds Declare Distributions” on November 18, 2016, also Marketwired.com published article titled: “Brompton Funds Provides Analysis of Rate Reset Preferred Shares”, Marketwired.com published: “Life & Banc Split Corp. Announces Treasury Offering” on March 20, 2015. More interesting news about Brompton Split Banc Corp. (TSE:SBC) was released by: Theglobeandmail.com and their article: “Eye on Shorts: What bearish investors are betting against” with publication date: June 18, 2013.
Brompton Split Banc Corp. is a Canada mutual fund company. The company has a market cap of $99.98 million. The Fund’s investment objectives are to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions; to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. It has a 16.15 P/E ratio. The Fund invests in a portfolio consisting of common shares of approximately six Canadian banks.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.