The stock of P2P Global Investments PLC (LON:P2P) hit a new 52-week low and has GBX 727.26 target or 8.00% below today’s GBX 790.50 share price. The 8 months bearish chart indicates high risk for the GBX 672.58M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the GBX 727.26 price target is reached, the company will be worth GBX 53.81M 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 0.57% or GBX 4.5 on November 4, hitting GBX 790.5. About 115,532 shares traded hands or 11.22% up from the average. P2P Global Investments PLC (LON:P2P) has declined 20.79% since April 7, 2016 and is downtrending. It has underperformed by 21.88% 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. GBX 1300 is the highest target while GBX 1300 is the lowest. The GBX 1300 average target is 64.45% above today’s (GBX 790.5) stock price. P2p Global Investments Plc has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Jefferies given on Monday, March 7. Liberum Capital maintained P2P Global Investments PLC (LON:P2P) on Friday, November 27 with “Buy” rating. As per Wednesday, July 27, the company rating was maintained by Jefferies. Jefferies maintained the stock with “Hold” rating in Wednesday, September 28 report. As per Tuesday, July 26, the company rating was maintained by Liberum Capital. The rating was maintained by Liberum Capital on Tuesday, September 1 with “Buy”.
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 672.58 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 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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