The stock of Life & Banc Split Corp. (TSE:LBS) hit a new 52-week high and has $9.79 target or 3.00% above today’s $9.50 share price. The 9 months bullish chart indicates low risk for the $172.85M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $9.79 price target is reached, the company will be worth $5.19M 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 1,940 shares traded hands. Life & Banc Split Corp. (TSE:LBS) has risen 13.63% since April 20, 2016 and is uptrending. It has outperformed by 8.22% the S&P500.
More notable recent Life & Banc Split Corp. (TSE:LBS) news were published by: Marketwired.com which released: “Life & Banc Split Corp. Announces Treasury Offering” on March 20, 2015, also Marketwatch.com with their article: “Brompton Funds Declare Distributions” published on November 18, 2016, Marketwired.com published: “Brompton Funds Provides Analysis of Rate Reset Preferred Shares” on March 30, 2016. More interesting news about Life & Banc Split Corp. (TSE:LBS) were released by: Business.Financialpost.com and their article: “Opt for dividend half of split-share companies” published on May 18, 2011 as well as Wsj.com‘s news article titled: “Japan’s Central Bank Splits Over Easing Program” with publication date: September 15, 2016.
Life & Banc Split Corp. is a mutual fund company. The company has a market cap of $172.85 million. The Fund’s investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and 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 currently has negative earnings. The Fund invests in a common share portfolio consisting of the approximately six Canadian banks and over four Canadian life insurance companies on an equally weighted basis at the time of investment.