The stock of Town Centre Securities Plc (LON:TOWN) hit a new 52-week low and has GBX 236.64 target or 13.00% below today’s GBX 272.00 share price. The 6 months bearish chart indicates high risk for the GBX 144.60 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 236.64 price target is reached, the company will be worth GBX 18.80M 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 decreased 0.27% or GBX 0.75 on November 3, hitting GBX 272. About 21,812 shares traded hands or 63.45% up from the average. Town Centre Securities Plc (LON:TOWN) has declined 12.26% since April 7, 2016 and is downtrending. It has underperformed by 13.47% the S&P500.
Town Centre Securities PLC is the United Kingdom property investment and development company. The company has a market cap of 144.60 million GBP. The Firm is engaged in the property investment, development and trading, and the provision of car parking. It has a 12.13 P/E ratio. The Firm operates through two divisions: property rental and car park operations.
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