What Next for Joules Group PLC Stock After Reaching 52-Week High?


The stock of Joules Group PLC (LON:JOUL) hit a new 52-week high and has GBX 348.96 target or 74.00% above today’s GBX 200.55 share price. The 9 months bullish chart indicates low risk for the GBX 174.37M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 348.96 price target is reached, the company will be worth GBX 129.03 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 2.58% or GBX 5.05 on September 13, hitting GBX 200.55. About 383,565 shares traded hands or 188.38% up from the average. Joules Group PLC (LON:JOUL) has risen 6.00% since August 15, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.

Out of 4 analysts covering Joules Group Plc (LON:JOUL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Joules Group Plc has been the topic of 6 analyst reports since June 22, 2016 according to StockzIntelligence Inc. Peel Hunt maintained the stock on September 8 with “Buy” rating.

Joules Group PLC is a United Kingdom company, which is a British lifestyle brand. The company has a market cap of 174.37 million GBP. The Firm is engaged in designing and selling Joules branded clothing across womenswear, menswear, childrenswear and babywear categories, as well as collections of accessories, footwear and homeware. It currently has negative earnings. The Firm has approximately 98 the United Kingdom and Republic of Ireland stores, which is a customer database of approximately two million customers, an established e-commerce platform.

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