Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, September 9, 2011

Potential Takeover Candidate? (TSE: VT.TO)

Shares of VT traded higher by 1.02% or $0.11/share to $10.89. Viterra Inc. is trading at a price to book ratio of 1.03. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.44. The price to sales ratio came in at 0.42. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1025010 shares of VT.TO exchange hands on a given day and today's volume is recorded at 523678. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.