The stock of Henderson Group Plc (LON:HGG) gapped up by GBX 1.3 today and has GBX 307.56 target or 38.00% above today’s GBX 222.87 share price. The 9 months technical chart setup indicates low risk for the GBX 2.52B company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 307.56 price target is reached, the company will be worth GBX 957.60M 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 0.77% or GBX 1.73 on November 8, hitting GBX 222.87. About 1.81 million shares traded hands. Henderson Group Plc (LON:HGG) has declined 10.38% since April 11, 2016 and is downtrending. It has underperformed by 12.34% the S&P500.
Henderson Group Plc (LON:HGG) Ratings Coverage
Out of 17 analysts covering Henderson Group PLC (LON:HGG), 5 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 29% are positive. Henderson Group PLC has been the topic of 89 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Henderson Group Plc (LON:HGG) has “Reduce” rating given on Friday, November 27 by Numis Securities. The stock has “Hold” rating given by Numis Securities on Thursday, July 28. The stock of Henderson Group Plc (LON:HGG) has “Equal Weight” rating given on Thursday, June 30 by Barclays Capital. The rating was maintained by Macquarie Research on Friday, July 31 with “Outperform”. The rating was maintained by Numis Securities on Wednesday, October 5 with “Hold”. As per Thursday, February 11, the company rating was upgraded by Societe Generale. The rating was maintained by Macquarie Research with “Neutral” on Monday, October 24. The firm earned “Overweight” rating on Wednesday, November 4 by JP Morgan. The firm has “Outperform” rating by BNP Paribas given on Thursday, March 10. The company was maintained on Tuesday, September 13 by JP Morgan.
Henderson Group plc is an independent global asset manager, specializing in active investment. The company has a market cap of 2.52 billion GBP. The Firm is a client-focused global business with assets under management. It has a 20.08 P/E ratio. The Company’s divisions include UK, Americas, Australia and Other.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.