Why This Water Stock Jumped 9.3% in November
Shares of Brazilian water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) -- Sabesp for short -- gained 9.3% in November. The stock is up 22.5% for the one-year period through Dec. 7, and British banking giant HSBC recently upgraded it from "hold" to "buy."
For some context, the S&P 500 returned 3.1% in November and 20.1% for the same one-year period.
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Source: Fool.com
Companhia de Saneamento Básico do Estado de São Paulo ADR Stock
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-0.850%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Companhia de Saneamento Básico do Estado de São Paulo ADR stock is not clear.
Based on the current price of 4.66 € the target price of 31 € shows a potential of 565.24% for Companhia de Saneamento Básico do Estado de São Paulo ADR which would more than double the current price.
