The stock of Berendsen PLC (LON:BRSN) hit a new 52-week low and has GBX 902.50 target or 5.00% below today’s GBX 950.00 share price. The 7 months bearish chart indicates high risk for the GBX 1.63B company. The 1-year low was reported on Nov, 7 by Barchart.com. If the GBX 902.50 price target is reached, the company will be worth GBX 81.50 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 0.05% or GBX 0.5 on November 7, hitting GBX 950. About 790,336 shares traded hands or 67.86% up from the average. Berendsen PLC (LON:BRSN) has declined 20.54% since April 7, 2016 and is downtrending. It has underperformed by 22.50% the S&P500.
Berendsen PLC (LON:BRSN) Ratings Coverage
Out of 10 analysts covering Berendsen Plc (LON:BRSN), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. Berendsen Plc has been the topic of 42 analyst reports since August 3, 2015 according to StockzIntelligence Inc. JP Morgan maintained Berendsen PLC (LON:BRSN) rating on Friday, October 28. JP Morgan has “Overweight” rating and GBX 1346 price target. The firm earned “Overweight” rating on Monday, February 29 by JP Morgan. Investec maintained it with “Buy” rating and GBX 1270 target price in Friday, July 31 report. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 19. The stock has “Hold” rating given by HSBC on Friday, October 28. Peel Hunt maintained Berendsen PLC (LON:BRSN) on Friday, February 26 with “Add” rating. The firm earned “Overweight” rating on Friday, September 16 by JP Morgan. RBC Capital Markets downgraded Berendsen PLC (LON:BRSN) on Wednesday, May 11 to “Sector Performer” rating. The firm has “Overweight” rating by JP Morgan given on Monday, August 1. The stock of Berendsen PLC (LON:BRSN) earned “Overweight” rating by Barclays Capital on Wednesday, January 13.
Berendsen plc is a United Kingdom-based company, which is engaged in textile service business. The company has a market cap of 1.63 billion GBP. The Firm develops and provides textile, hygiene and safety solutions. It has a 17.78 P/E ratio. The Firm operates through divisions: Workwear, Facility, UK Flat Linen, Flat Linen outside the UK, and Clinical Solutions and Decontamination.
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