The stock of Green Brick Partners Inc (NASDAQ:GRBK) hit a new 52-week high and has $17.01 target or 94.00% above today’s $8.77 share price. The 9 months bullish chart indicates low risk for the $444.96M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $17.01 price target is reached, the company will be worth $418.26M 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 76,524 shares traded hands or 32.03% up from the average. Green Brick Partners Inc (NASDAQ:GRBK) has risen 10.53% since April 15, 2016 and is uptrending. It has outperformed by 5.91% the S&P500.
Green Brick Partners Inc (NASDAQ:GRBK) Ratings Coverage
Out of 2 analysts covering Green Brick Partners (NASDAQ:GRBK), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Green Brick Partners has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, September 2 by Citigroup. The firm has “Neutral” rating by Credit Suisse given on Thursday, August 27. As per Wednesday, January 6, the company rating was initiated by JMP Securities.
According to Zacks Investment Research, “Green Brick Partners, Inc. is involved in the land acquisition and development, entitlements, design, construction, marketing and sale of residential projects. It operates primarily in Dallas, Fort Worth, Texas, Atlanta and Georgia. Green Brick Partners, Inc., formerly known as BioFuel Energy Corp, is based in Plano, Texas.”
More notable recent Green Brick Partners Inc (NASDAQ:GRBK) news were published by: Prnewswire.com which released: “Green Brick Partners, Inc. Announces Pricing Of Common Stock Offering” on June 26, 2015, also Prnewswire.com with their article: “Green Brick Partners, Inc. Reports Fourth Quarter And Full Year 2014 Results …” published on March 30, 2015, Seekingalpha.com published: “Green Brick Partners Continues To Shine” on August 15, 2016. More interesting news about Green Brick Partners Inc (NASDAQ:GRBK) were released by: Prnewswire.com and their article: “Green Brick Partners, Inc. Announces Hiring Of New Vice President Of Finance” published on January 22, 2015 as well as Bizjournals.com‘s news article titled: “Einhorn-funded Green Brick Partners acquires tract in $900M Plano mixed-use …” with publication date: July 22, 2015.
GRBK Company Profile
Green Brick Partners, Inc., formerly BioFuel Energy Corp., incorporated on April 11, 2006, is a real estate operator. The Firm is involved in the purchase and development of land for residential use, construction lending and home building operations. The Firm operates through two divisions: land development and homebuilding services. Within homebuilding services segment, its two operating divisions consist of Texas and Georgia. The Company’s land development segment conducts its business under the brand Green Brick Communities. The Company’s homebuilding services segment conducts its activities primarily through JBGL Builder Finance LLC (Builder Finance).
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