Does Finsbury Food Group plc Have More Gas After Reaching 52-Week High?


The stock of Finsbury Food Group plc (LON:FIF) hit a new 52-week high and has GBX 349.65 target or 159.00% above today’s GBX 135.00 share price. The 8 months bullish chart indicates low risk for the GBX 177.10M company. The 1-year high was reported on Sep, 14 by If the GBX 349.65 price target is reached, the company will be worth GBX 281.59M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.45% or GBX 4.5 on September 13, hitting GBX 135. About 224,645 shares traded hands or 114.94% up from the average. Finsbury Food Group plc (LON:FIF) has risen 27.96% since February 12, 2016 and is uptrending. It has outperformed by 11.47% the S&P500.

Out of 2 analysts covering Finsbury Food Group PLC (LON:FIF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Finsbury Food Group PLC has been the topic of 6 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained the stock on July 19 with “Buy” rating.

Finsbury Food Group Plc is a United Kingdom firm engaged in manufacture and sales of bakery products to the United Kingdom’s grocers. The company has a market cap of 177.10 million GBP. The Firm includes United Kingdom cake and bread business. It has a 11.96 P/E ratio. The Firm also produces a range of sweet snacking products, slices and in store bakery bites.

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