The stock of Sepura Plc (LON:SEPU) gapped up by GBX 2.875 today and has GBX 38.80 target or 94.00% above today’s GBX 20.00 share price. The 8 months technical chart setup indicates low risk for the GBX 74.52M company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 38.80 price target is reached, the company will be worth GBX 70.05M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock decreased 8.05% or GBX 1.75 on November 8, hitting GBX 20. About 9.38M shares traded hands or 217.97% up from the average. Sepura Plc (LON:SEPU) has declined 83.67% since April 11, 2016 and is downtrending. It has underperformed by 85.63% the S&P500.
Sepura Plc (LON:SEPU) Ratings Coverage
Out of 4 analysts covering Sepura PLC (LON:SEPU), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Sepura PLC has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by N+1 Singer on Tuesday, November 24. The rating was maintained by Liberum Capital on Wednesday, August 5 with “Buy”. N+1 Singer maintained the shares of SEPU in a report on Thursday, October 22 with “Buy” rating. The stock of Sepura Plc (LON:SEPU) has “Buy” rating given on Wednesday, August 26 by Liberum Capital. As per Wednesday, August 12, the company rating was maintained by SP Angel. Liberum Capital maintained it with “Buy” rating and GBX 70 target price in Friday, July 29 report. The firm has “Add” rating given on Thursday, April 7 by Peel Hunt. The stock of Sepura Plc (LON:SEPU) earned “Buy” rating by Liberum Capital on Monday, September 7. The firm earned “Buy” rating on Friday, January 15 by Liberum Capital. The rating was maintained by N+1 Singer with “Buy” on Monday, January 4.
Another recent and important Sepura Plc (LON:SEPU) news was published by Fool.Co.Uk which published an article titled: “Sepura plc and Pressure Technologies plc crash 20% on updates” on April 27, 2016.
Sepura plc is a provider of communications solutions. The company has a market cap of 74.52 million GBP. The Firm is engaged in the design, development and supply of digital radios, infrastructure and applications for Professional Mobile Radio users, providing specialist solutions for the public safety, transportation, gas and oil, mining, utilities, industrial and other commercial sectors. It currently has negative earnings. It offers terrestrial trunked radio (TETRA), digital mobile radio (DMR), Project 25 (P25) and long-term evolution (LTE) system solutions.