Could WS Atkins PLC Skyrocket Even More? The Stock Just Made 52-Week High

 Could WS Atkins PLC Skyrocket Even More? The Stock Just Made 52 Week High

The stock of WS Atkins PLC (LON:ATK) hit a new 52-week high and has GBX 2541.12 target or 49.00% above today’s GBX 1705.45 share price. The 8 months bullish chart indicates low risk for the GBX 1.81 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 2541.12 price target is reached, the company will be worth GBX 886.90M 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 decreased 0.44% or GBX 7.55 on November 11, hitting GBX 1705.45. About 567,279 shares traded hands or 186.51% up from the average. WS Atkins PLC (LON:ATK) has risen 24.58% since April 13, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

WS Atkins PLC (LON:ATK) Ratings Coverage

Out of 12 analysts covering Atkins W S PLC (LON:ATK), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Atkins W S PLC has been the topic of 65 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Liberum Capital on Monday, November 16. The stock of WS Atkins PLC (LON:ATK) earned “Add” rating by Numis Securities on Thursday, September 29. The rating was maintained by Sanlam Securities with “Hold” on Thursday, August 13. Panmure Gordon maintained the shares of ATK in a report on Wednesday, July 29 with “Hold” rating. Liberum Capital maintained the stock with “Buy” rating in Tuesday, August 2 report. As per Friday, February 12, the company rating was maintained by Jefferies. Panmure Gordon maintained the shares of ATK in a report on Thursday, November 12 with “Hold” rating. The stock has “Hold” rating given by Panmure Gordon on Thursday, November 19. Liberum Capital maintained the stock with “Buy” rating in Thursday, September 29 report. The stock of WS Atkins PLC (LON:ATK) has “Buy” rating given on Thursday, October 22 by Numis Securities.

WS Atkins plc is engaged in providing design, engineering and project management consultancy services. The company has a market cap of 1.81 billion GBP. The Firm operates through five divisions: UK and Europe, North America, Middle East, Asia Pacific and Energy. It has a 16.55 P/E ratio. In the UK and Europe segment, the Company’s focus is on planning, designing and enabling its clients’ capital programs and projects in and around infrastructure and transportation, as well as providing engineering consultancy services to other markets.

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