The stock of James Latham plc (LON:LTHP) hit a new 52-week high and has GBX 272.06 target or 123.00% above today’s GBX 122.00 share price. The 6 months bullish chart indicates low risk for the GBX 132.58 million company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 272.06 price target is reached, the company will be worth GBX 163.07 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 0.41% or GBX 0.5 on September 13, hitting GBX 122. James Latham plc (LON:LTHP) has 0.00% since February 9, 2016 and is . It has underperformed by 16.49% the S&P500.
James Latham plc is a timber and panel products distributor. The company has a market cap of 132.58 million GBP. The Firm is engaged in timber importing and distribution, carried out in approximately 10 locations. It has a 2.28 P/E ratio. The Firm offers a range of wood panel products, natural acrylic stone, hardwoods, high grade softwoods, flooring, cladding, decking and plastics.
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