Is FW Thorpe plc a Buy? The Stock Reaches 52-Week High Today

 Is FW Thorpe plc a Buy? The Stock Reaches 52 Week High Today

The stock of FW Thorpe plc (LON:TFW) hit a new 52-week high and has GBX 541.40 target or 110.00% above today’s GBX 257.81 share price. The 9 months bullish chart indicates low risk for the GBX 298.77M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 541.40 price target is reached, the company will be worth GBX 328.65 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 1.10% or GBX 2.81 on November 3, hitting GBX 257.81. About 10,752 shares traded hands. FW Thorpe plc (LON:TFW) has risen 12.67% since April 7, 2016 and is uptrending. It has outperformed by 11.45% the S&P500.

More notable recent FW Thorpe plc (LON:TFW) news were published by: Uk.Finance.Yahoo.com which released: “-LSE Ticker: C9ZLX9/ISIN: GB00BC9ZLX92” on March 30, 2014, also Fool.Co.Uk with their article: “Should You Buy Netplay TV Plc, FW Thorpe plc And Amur Minerals Corporation On …” published on March 21, 2016, Fool.Co.Uk published: “Could Banco Santander SA, Idox plc and FW Thorpe plc help you retire early?” on May 23, 2016. More interesting news about FW Thorpe plc (LON:TFW) were released by: Fool.Co.Uk and their article: “3 Great Shares For Your ISA You’ve Probably Never Heard Of: James Halstead PLC …” published on March 30, 2015 as well as Ft.com‘s news article titled: “Think small as large-caps’ performance dwindles” with publication date: January 08, 2016.

FW Thorpe Plc is a United Kingdom-based lighting equipment company. The company has a market cap of 298.77 million GBP. The Firm is engaged in the design, manufacture and supply of professional lighting equipment. It has a 23 P/E ratio. The Company’s subsidiaries include Mackwell Electronics Limited, which is engaged in the design and manufacture of lighting components; Compact Lighting Limited, which is engaged in the design and manufacture of lighting solutions for retail applications; Philip Payne Limited, which is engaged in the design and manufacture of illuminated signs; Sugg Lighting Limited, which is engaged in the design and manufacture of architectural lighting; Solite Europe Ltd, which is engaged in the design and manufacture of clean room lighting equipment, and Thorlux Lighting, which makes lighting systems for industrial, commercial and controls markets.

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