The stock of Collins Foods Ltd (ASX:CKF) hit a new 52-week high and has $6.17 target or 5.00% above today’s $5.88 share price. The 9 months bullish chart indicates low risk for the $563.73 million company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $6.17 price target is reached, the company will be worth $28.19 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. The stock increased 5.00% or $0.28 on November 30, hitting $5.88. About 1.07M shares traded hands or 170.32% up from the average. Collins Foods Ltd (ASX:CKF) has risen 42.72% since May 4, 2016 and is uptrending. It has outperformed by 37.49% the S&P500.
More notable recent Collins Foods Ltd (ASX:CKF) news were published by: Fool.com.Au which released: “Why Collins Foods Ltd’s share price looks finger-lickin’ good value” on November 30, 2016, also Fool.com.Au with their article: “Is Collins Foods Ltd the next Domino’s Pizza Enterprises Ltd?” published on November 01, 2016, Fool.com.Au published: “Are investors too chicken to buy Collins Foods Ltd?” on April 07, 2016. More interesting news about Collins Foods Ltd (ASX:CKF) were released by: Fool.com.Au and their article: “Is KFC operator Collins Foods Ltd looking finger-licking good?” published on July 11, 2016 as well as Fool.com.Au‘s news article titled: “Why the Collins Foods Ltd share price jumped 7% today” with publication date: May 19, 2016.
Collins Foods Limited is engaged in the operation, management and administration of restaurants. The company has a market cap of $563.73 million. The Firm operates in three divisions: KFC Restaurants, Sizzler Restaurants and Shared Services. It has a 18.93 P/E ratio. The Company’s restaurants comprise approximately three restaurant brands, including KFC Restaurants, Sizzler Restaurants and Snag Stand joint venture outlets.
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