The stock of Marlowe PLC (LON:MRL) hit a new 52-week high and has GBX 496.10 target or 142.00% above today’s GBX 205.00 share price. The 5 months bullish chart indicates low risk for the GBX 49.25M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 496.10 price target is reached, the company will be worth GBX 69.94 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 increased 7.89% or GBX 15 on September 13, hitting GBX 205. About 20,098 shares traded hands or 230.61% up from the average. Marlowe PLC (LON:MRL) has risen 54.55% since February 12, 2016 and is uptrending. It has outperformed by 38.06% the S&P500.
Marlowe PLC is a United Kingdom-based company, which is engaged in the acquisition and development of businesses operating in the outsourced business services sector in the United Kingdom. The company has a market cap of 49.25 million GBP. The Firm delivers various maintenance services providing local and national clients with services from a national specialist provider. It currently has negative earnings. The Company, through Swift Fire and Security, provides fire protection and security systems installation and maintenance business with a range of capabilities to design, install and service fire protection and security solutions.
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