The stock of McColl’s Retail Group PLC (LON:MCLS) hit a new 52-week high and has GBX 263.50 target or 55.00% above today’s GBX 170.00 share price. The 8 months bullish chart indicates low risk for the GBX 195.79M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 263.50 price target is reached, the company will be worth GBX 107.68M 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 0.58% or GBX 1 on September 13, hitting GBX 170. About 15,135 shares traded hands. McColl’s Retail Group PLC (LON:MCLS) has risen 30.52% since February 12, 2016 and is uptrending. It has outperformed by 14.03% the S&P500.
Out of 2 analysts covering Mccoll’s Retail Group Plc (LON:MCLS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Mccoll’s Retail Group Plc has been the topic of 3 analyst reports since January 14, 2016 according to StockzIntelligence Inc. Beaufort Securities maintained the stock on September 2 with “Hold” rating.
McColl’s Retail Group plc is a United Kingdom retailer. The company has a market cap of 195.79 million GBP. The Firm operates through the operation of convenience and newsagent stores segment. It has a 10.73 P/E ratio. The Firm has a network of approximately 1,350 convenience stores and newsagents.
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