Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp American Depositary Shares (Each repstg 250) (NYSE:SBS) traded at a new 52-week high today of $9.28. This new high was reached on below average trading volume as 358,000 shares traded hands, while the average 30-day volume is approximately 2.5 million shares.
Companhia De Saneamento Basico Do Estado De Sao Paulo is Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company’s majority stakeholder. The company generates revenue through exclusive long-term agreements with municipal governments. It is not uncommon for SABESP to serve the vast majority of a market. The company operates in a single segment, which is Sanitation services.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp American Depositary Shares (Each repstg 250) (NYSE:SBS) defies analysts with a current price ($9.22) 63.7% above its average consensus price target of $3.35.
In the past 52 weeks, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp American Depositary Shares (Each repstg 250) share prices are bracketed by a low of $5.76 and a high of $9.28 and is now at $9.22, 60% above that low price.
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