Is Buying Empiric Student Property PLC Here a Winning Strategy?


The stock of Empiric Student Property PLC (LON:ESP) hit a new 52-week high and has GBX 173.94 target or 49.00% above today’s GBX 116.74 share price. The 9 months bullish chart indicates low risk for the GBX 585.19 million company. The 1-year high was reported on Sep, 14 by If the GBX 173.94 price target is reached, the company will be worth GBX 286.74 million 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 decreased 0.22% or GBX 0.26 on September 13, hitting GBX 116.74. About 1.03 million shares traded hands or 25.67% up from the average. Empiric Student Property PLC (LON:ESP) has risen 13.03% since February 12, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Out of 3 analysts covering Empiric Student Property Plc (LON:ESP), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Empiric Student Property Plc has been the topic of 11 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock on August 19 with “Buy” rating.

Empiric Student Property plc is an internally managed real estate investment trust investing in purpose-built student accommodation in central locations in university cities and towns in the United Kingdom. The company has a market cap of 585.19 million GBP. The Company’s investment objective is to provide shareholders with regular, sustainable and growing (at least in line with the retail prices index (RPI) inflation index) dividends, together with the potential for capital appreciation over the medium to long-term. It has a 11.81 P/E ratio. The Company’s properties have 50 to 200 beds in total; studios and one to three bedroom apartments, and communal facilities, including a cinema room, gym, launderette, study rooms and break-out areas.

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