The stock of PureCircle Limited (LON:PURE) hit a new 52-week low and has GBX 238.52 target or 11.00% below today’s GBX 268.00 share price. The 5 months bearish chart indicates high risk for the GBX 462.31M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 238.52 price target is reached, the company will be worth GBX 50.85 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 3.08% or GBX 8 on November 3, hitting GBX 268. About 35,796 shares traded hands. PureCircle Limited (LON:PURE) has declined 29.47% since April 6, 2016 and is downtrending. It has underperformed by 30.69% the S&P500.
PureCircle Limited (LON:PURE) Ratings Coverage
Out of 2 analysts covering PureCircle Ltd (LON:PURE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. PureCircle Ltd has been the topic of 49 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was maintained by Liberum Capital. The firm earned “Buy” rating on Monday, January 25 by Liberum Capital. The firm has “Buy” rating by Liberum Capital given on Wednesday, July 6. Numis Securities maintained PureCircle Limited (LON:PURE) on Wednesday, January 6 with “Buy” rating. Liberum Capital maintained the stock with “Buy” rating in Monday, October 19 report. The stock of PureCircle Limited (LON:PURE) earned “Buy” rating by Liberum Capital on Monday, August 15. Liberum Capital maintained the shares of PURE in a report on Tuesday, March 1 with “Buy” rating. The firm earned “Buy” rating on Wednesday, September 23 by Numis Securities. The rating was maintained by Liberum Capital on Monday, April 18 with “Buy”. The firm earned “Buy” rating on Monday, October 12 by Liberum Capital.
PureCircle Limited is a Malaysia-based investment holding company. The company has a market cap of 462.31 million GBP. The Company, through its subsidiaries, engages in production, distribution, sales and marketing of natural sweeteners and flavours; investment holding; supply and development of stevia agronomy, and supply chain, production and distribution of natural sweeteners and flavours. It has a 39.34 P/E ratio. The Company’s sweeteners include stevia, which includes Reb A, SG95, Sweta and PureCirce Alpha, and flavors include PureCircle flavours.
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