The stock of London Finance & Investment Group plc (LON:LFI) gapped up by GBX 0.56 today and has GBX 93.31 target or 116.00% above today’s GBX 43.20 share price. The 9 months technical chart setup indicates low risk for the GBX 13.34 million company. The gap was reported on Nov, 10 by Barchart.com. If the GBX 93.31 price target is reached, the company will be worth GBX 15.47M 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 0.69% or GBX 0.3 on November 10, hitting GBX 43.2. About 2,500 shares traded hands. London Finance & Investment Group plc (LON:LFI) has risen 17.81% since April 14, 2016 and is uptrending. It has outperformed by 12.16% the S&P500.
More notable recent London Finance & Investment Group plc (LON:LFI) news were published by: Reuters.com which released: “UK Stocks-Factors to watch on Nov 10” on November 10, 2016, also Bloomberg.com with their article: “Big Winner From London’s Brexit Exodus Isn’t Even in Europe” published on October 16, 2016, Bloomberg.com published: “Real Estate Investors Seek Shelter for Brexit’s Finance Refugees” on October 24, 2016. More interesting news about London Finance & Investment Group plc (LON:LFI) were released by: Bloomberg.com and their article: “Russia Stocks Jump as Trump Win Stokes Bets for Sanctions Relief” published on November 09, 2016 as well as Bloomberg.com‘s news article titled: “Why Machines Still Can’t Learn So Good” with publication date: November 10, 2016.
London Finance & Investment Group P.L.C. is a United Kingdom investment finance and management company. The company has a market cap of 13.34 million GBP. The Company’s objective is to generate growth in shareholder value in real terms over the medium to long term, while maintaining a progressive dividend policy. It has a 3.49 P/E ratio. The Company’s investment policy is to invest in a range of strategic investments, a general portfolio consisting of liquid stock market investments, both in equity instruments and bonds, and other investments, typically property and other physical assets.
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.