PowerShares Golden Dragon China ETF (PGJ) Forms $42.89 Double Top; Caesarstone Ltd. (CSTE) Covered By 3 Bulls

December 8, 2017 - By Kurt Siggers

Among 10 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 have Buy rating, 3 Sell and 4 Hold. Therefore 30% are positive. Caesarstone Sdot-Yam had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, October 29 with “Buy”. Chardan Capital Markets downgraded Caesarstone Ltd. (NASDAQ:CSTE) on Thursday, May 11 to “Neutral” rating. Bank of America downgraded the shares of CSTE in report on Thursday, August 6 to “Neutral” rating. The firm earned “Buy” rating on Monday, August 24 by JP Morgan. UBS downgraded Caesarstone Ltd. (NASDAQ:CSTE) rating on Monday, November 7. UBS has “Neutral” rating and $30 target. On Monday, August 24 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Buy” rating by Chardan Capital Markets on Monday, November 7. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Overweight” rating by Barclays Capital on Tuesday, October 13. Chardan Capital Markets initiated it with “Buy” rating and $44 target in Wednesday, April 6 report. Chardan Capital Markets maintained it with “Hold” rating and $32.0 target in Tuesday, November 7 report. See Caesarstone Ltd. (NASDAQ:CSTE) latest ratings:

07/11/2017 Broker: Chardan Capital Markets Rating: Hold New Target: $32.0 Maintain
02/11/2017 Broker: J.P. Morgan Rating: Sell New Target: $25.0 Downgrade
02/11/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
02/08/2017 Broker: Stifel Nicolaus Rating: Buy Maintain
23/06/2017 Broker: Credit Suisse Rating: Neutral New Target: $37 Initiates Coverage On

PowerShares Golden Dragon China ETF (PGJ) formed double top with $44.18 target or 3.00% above today’s $42.89 share price. PowerShares Golden Dragon China ETF (PGJ) has $230.60 million valuation. The ETF increased 1.13% or $0.4778 during the last trading session, reaching $42.8928. About 18,060 shares traded. PowerShares Golden Dragon China ETF (NASDAQ:PGJ) has risen 39.62% since December 8, 2016 and is uptrending. It has outperformed by 22.92% the S&P500.

The stock increased 1.07% or $0.25 during the last trading session, reaching $23.7. About 179,914 shares traded or 0.30% up from the average. Caesarstone Ltd. (NASDAQ:CSTE) has risen 6.39% since December 8, 2016 and is uptrending. It has underperformed by 10.31% the S&P500.

Caesarstone Ltd., together with its subsidiaries, makes and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company has market cap of $813.83 million. The Company’s engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market. It has a 18.32 P/E ratio. The companyÂ’s products are also used in other applications, such as vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications.

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