The stock of Green Brick Partners Inc (NASDAQ:GRBK) hit a new 52-week high and has $10.26 target or 8.00% above today’s $9.50 share price. The 6 months bullish chart indicates low risk for the $464.90M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $10.26 price target is reached, the company will be worth $37.19M 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. The stock closed at $9.5 during the last session. It is down 28.90% since April 22, 2016 and is uptrending. It has outperformed by 23.49% the S&P500.
Analysts await Green Brick Partners Inc (NASDAQ:GRBK) to report earnings on March, 9.
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. On Wednesday, September 2 the stock rating was initiated by Citigroup with “Neutral”. The stock of Green Brick Partners Inc (NASDAQ:GRBK) has “Market Perform” rating given on Wednesday, January 6 by JMP Securities. Credit Suisse initiated Green Brick Partners Inc (NASDAQ:GRBK) on Thursday, August 27 with “Neutral” rating.
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 important 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 Seekingalpha.com published article titled: “Green Brick Partners Continues To Shine”, Bizjournals.com published: “Einhorn-funded Green Brick Partners acquires tract in $900M Plano mixed-use …” on July 22, 2015. More interesting news about Green Brick Partners Inc (NASDAQ:GRBK) was released by: Prnewswire.com and their article: “Green Brick Partners, Inc. Announces Hiring Of New Vice President Of Finance” with publication date: January 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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