The stock of Plastics Capital Plc (LON:PLA) hit a new 52-week high and has GBX 180.58 target or 55.00% above today’s GBX 116.50 share price. The 5 months bullish chart indicates low risk for the GBX 40.79 million company. The 1-year high was reported on Nov, 4 by Barchart.com. If the GBX 180.58 price target is reached, the company will be worth GBX 22.43M 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 1.30% or GBX 1.5 on November 4, hitting GBX 116.5. About 17,668 shares traded hands or 37.74% up from the average. Plastics Capital Plc (LON:PLA) has risen 14.85% since April 7, 2016 and is uptrending. It has outperformed by 13.76% the S&P500.
More news for Plastics Capital Plc (LON:PLA) were recently published by: Plasticsnews.com, which released: “Plastics Capital buys Flexipol Packaging” on November 04, 2014. Plasticsnews.com‘s article titled: “Ireland’s One51 expands in North America with Encore Industries acquisition” and published on November 04, 2016 is yet another important article.
Plastics Capital plc is a holding company. The company has a market cap of 40.79 million GBP. The Firm is principally engaged in the manufacture of plastic products focused on products for various markets exporting to over 80 countries across the world. It has a 34.29 P/E ratio. The Company’s divisions include Industrial, which consists of hydraulic hose consumables, packaging consumables and plastic rotating parts, and Films, which includes high strength film packaging.
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