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Stock Investors Bid Up Shares of Cott, Up 2.1%

Published on Tue, 02/19/2013 - 13:26
By Peter Chu

One of today's notable stocks on the rise is Cott (NYSE:COT), up 2.1% to $9.15. The S&P is currently trading 0.5% higher to 1,527 and the Dow Jones Industrial Average is trading 0.3% higher to 14,019.

Cott share prices have moved between a 52-week high of $9.18 and a 52-week low of $6.01 and are now trading 52% above that low price at $9.15 per share. The 200-day and 50-day moving averages have moved 0.70% higher and 0.41% higher over the past week, respectively.

Cott Corporation produces and distributes a variety of premium beverages. The Company's beverages include soft drinks, new age beverages, iced teas, juice drinks, sports drinks, and bottled water. Cott operates manufacturing facilities in Canada, the United States, the United Kingdom. The Company markets its beverages to retailers worldwide.

Potential upside of 13.7% exists for Cott, based on a current level of $9.15 and analysts' average consensus price target of $10.40. Cott shares have support at the 50-day moving average (MA) of $8.54 and additional support at the 200-day MA of $8.19.

By Peter Chu
pchu@fnno.com