The stock of Quarto Group Inc (LON:QRT) hit a new 52-week high and has GBX 550.84 target or 85.00% above today’s GBX 297.75 share price. The 6 months bullish chart indicates low risk for the GBX 60.52M company. The 1-year high was reported on Nov, 8 by Barchart.com. If the GBX 550.84 price target is reached, the company will be worth GBX 51.44 million 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 1.28% or GBX 3.75 on November 8, hitting GBX 297.75. About 814 shares traded hands. Quarto Group Inc (LON:QRT) has risen 20.00% since April 8, 2016 and is uptrending. It has outperformed by 18.04% the S&P500.
Quarto Group Inc (LON:QRT) Ratings Coverage
Out of 3 analysts covering Quarto Group Inc. (LON:QRT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 375 is the highest target while GBX 260 is the lowest. The GBX 350.67 average target is 17.77% above today’s (GBX 297.75) stock price. Quarto Group Inc. has been the topic of 19 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the shares of QRT in a report on Tuesday, May 24 with “Add” rating. The company was maintained on Monday, August 8 by Peel Hunt. As per Thursday, November 3, the company rating was maintained by Peel Hunt. The stock of Quarto Group Inc (LON:QRT) earned “Corporate” rating by Northland Capital on Tuesday, August 9. As per Friday, October 14, the company rating was upgraded by Peel Hunt. On Wednesday, December 2 the stock rating was maintained by Northland Capital with “Buy”. The company was maintained on Wednesday, November 4 by Peel Hunt. Peel Hunt maintained Quarto Group Inc (LON:QRT) rating on Thursday, March 24. Peel Hunt has “Add” rating and GBX 300 price target. As per Thursday, January 28, the company rating was upgraded by Peel Hunt. The stock has “Buy” rating given by Westhouse Securities on Friday, July 24.
Another recent and important Quarto Group Inc (LON:QRT) news was published by Fool.Co.Uk which published an article titled: “3 Small Caps Set To Soar: Quarto Group Inc, PV Crystalox Solar PLC, Vernalis plc?” on March 17, 2016.
The Quarto Group, Inc. is an illustrated book publishing and distribution company. The company has a market cap of 60.52 million GBP. The Firm operates through divisions, including Quarto International Co-Editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK; Books & Gifts Direct, ANZ, and Quarto HK. It has a 7.54 P/E ratio. The Quarto International Co-Editions Group segment creates illustrated books that are licensed and printed for third-party publishers for publication under their own imprints in approximately 30 languages around the world.
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