https://www.financialmagazin.com/after-todays-huge-increase-is-concordia-healthcare-corps-near-term-analysis-positive/
The stock of Concordia Healthcare Corp (TSE:CXR) is a huge mover today! The stock is up 8.68% or $3.77 after the news, hitting $47.2 per share. About 675,194 shares traded hands. Concordia Healthcare Corp (TSE:CXR) has declined 53.68% since April 15, 2015 and is downtrending. It has underperformed by 51.09% the S&P500.
The move comes after 5 months positive chart setup for the $2.40B company. It was reported on Nov, 18 by Barchart.com. We have $57.11 PT which if reached, will make TSE:CXR worth $504.00 million more.
Out of 3 analysts covering Concordia Healthcare Corp (TSE:CXR), 3 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $135 is the highest target while $60 is the lowest. The $91.25 average target is 93.33% above today’s ($47.2) stock price. Concordia Healthcare Corp was the topic in 7 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock on September 9 with “Sector Outperform” rating.