The stock of P2P Global Investments PLC (LON:P2P) reached all time low today, Nov, 3 and still has GBX 731.40 target or 8.00% below today’s GBX 795.00 share price. This indicates more downside for the GBX 676.41 million company. This technical setup was reported by Barchart.com. If the GBX 731.40 PT is reached, the company will be worth GBX 54.11 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.61% or GBX 13 on November 3, hitting GBX 795. About 571,342 shares traded hands or 463.26% up from the average. P2P Global Investments PLC (LON:P2P) has declined 19.50% since April 6, 2016 and is downtrending. It has underperformed by 20.71% the S&P500.
P2P Global Investments PLC (LON:P2P) Ratings Coverage
Out of 2 analysts covering P2p Global Investments Plc (LON:P2P), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. P2p Global Investments Plc has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. On Tuesday, July 26 the stock rating was maintained by Liberum Capital with “Buy”. Liberum Capital maintained P2P Global Investments PLC (LON:P2P) on Friday, November 27 with “Buy” rating. Jefferies maintained P2P Global Investments PLC (LON:P2P) on Monday, March 7 with “Hold” rating. The stock has “Buy” rating given by Liberum Capital on Tuesday, September 1. The rating was maintained by Jefferies on Wednesday, July 27 with “Hold”. The company was maintained on Wednesday, September 28 by Jefferies.
More recent P2P Global Investments PLC (LON:P2P) news were published by: Bloomberg.com which released: “Europe’s First ABS of Peer-to-Peer Consumer Loans Nears Sale” on September 21, 2016. Also Ft.com published the news titled: “MarketsDebut securitisation for Zopa loans” on September 26, 2016. Bloomberg.com‘s news article titled: “LendingClub Upheaval Threatens U.K. Market Poised for Takeoff” with publication date: May 27, 2016 was also an interesting one.
P2P Global Investments plc is a United Kingdom firm that invests in credit assets originated by peer to peer platforms and other originators of alternative assets across the globe. The company has a market cap of 676.41 million GBP. The Company’s investment objectives are to provide shareholders with an attractive level of dividend income and capital growth through exposure to investments in alternative finance and related instruments; achieve investment diversification across platforms, geographies, asset classes and credit grades, and allow the shareholders to share the equity upside by investing over 10% of gross assets in equity or equity linked securities issued by platforms. It has a 22.12 P/E ratio. The Firm invests in consumer loans, small and medium-sized enterprise loans, corporate loans, and advances and loans against corporate trade receivables and other assets.
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