Cott (COT) Given New $19.00 Price Target at Scotiabank

Cott (NYSE:COT) (TSE:BCB) had its target price raised by analysts at Scotiabank from $18.50 to $19.00 in a research note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 21.10% from the stock’s current price.

COT has been the topic of several other reports. Credit Suisse Group boosted their price objective on shares of Cott from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Cott in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.32.

Cott (NYSE:COT) traded up $0.49 on Tuesday, reaching $15.69. 1,196,597 shares of the company traded hands, compared to its average volume of 1,029,162. The company has a market cap of $2,121.51, a PE ratio of -22.39 and a beta of 0.73. Cott has a 1-year low of $10.44 and a 1-year high of $17.77. The company has a quick ratio of 0.86, a current ratio of 1.01 and a debt-to-equity ratio of 1.76.

In related news, Director Gregory R. Monahan sold 7,500 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.10, for a total value of $128,250.00. Following the sale, the director now directly owns 102,666 shares of the company’s stock, valued at approximately $1,755,588.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.06% of the company’s stock.

A number of large investors have recently modified their holdings of COT. Virtu Financial LLC bought a new stake in Cott during the 4th quarter worth about $173,000. Shell Asset Management Co. increased its position in shares of Cott by 78.2% during the third quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock worth $181,000 after buying an additional 10,353 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Cott during the second quarter worth $200,000. Brown Advisory Inc. acquired a new stake in shares of Cott during the fourth quarter worth $214,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Cott by 38.0% during the third quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock worth $312,000 after buying an additional 5,731 shares during the period.

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About Cott

Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.

Analyst Recommendations for Cott (NYSE:COT)

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