Date of Data Capture: 07/05/2020
Name: CREDIT CORP GROUP LIMITED (CCP)
Classification: Corporate Financial Services
Current Price: $14.20
Market Capitalisation: $949 M
Forecast EBITDA Growth: 6.9%
Yield Estimate: 3.62%
Consensus Price Target: $21.61
# Covering Analysts: 5
Discount at Current Price: 52.18%
Price Target Trend (3-Month): Up-Down -35.49%
Signal Timeframe: Monthly-Weekly-Daily
Trend Bias: Up-Down / Long-Short
Focus: Dividend Income & Capital Growth
Set up Notes:
· Debt collection specialist CCP has just firmed up its balance sheet via institutional capital raising and looks to be entering a new recovery phase in good condition, with great potential.
· Performance had been strong for years before the recent crash, with pricing falling more than 60% from all-time highs reached 3 months ago, with positive forecasting, sentiment, and with a big discount to price targets at current levels.
· Pricing shows the steep crash and recovery over March and April, ultimately pulling back from minor price resistance under $20, but with positive momentum building here we could see the stock reset and aim towards old highs again.
§ Support ($): 14.00, 13.00, 12.00 & 10.00.
§ Resistance ($): 18.00, 20.00, 24.00 & 28.00.