Could James Latham plc Go Down After Reaching 52-Week High?

 Could James Latham plc Go Down After Reaching 52 Week High?

The stock of James Latham plc (LON:LTHP) hit a new 52-week high and has GBX 247.96 target or 102.00% above today’s GBX 122.75 share price. The 7 months bullish chart indicates low risk for the GBX 130.61M company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 247.96 price target is reached, the company will be worth GBX 133.22 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 0.20% or GBX 0.25 on November 15, hitting GBX 122.75. James Latham plc (LON:LTHP) has 0.00% since April 7, 2016 and is . It has underperformed by 3.93% the S&P500.

More recent James Latham plc (LON:LTHP) news were published by: Fool.Co.Uk which released: “Should you buy Premier Oil plc, DS Smith plc and James Latham plc following …” on June 23, 2016. Also Businesswire.com published the news titled: “Global Wooden Decking Market Worth USD 8.56 Billion by 2025 – Analysis …” on September 28, 2016. Ft.com‘s news article titled: “My Brexit investment strategy? Keep calm and carry on” with publication date: June 30, 2016 was also an interesting one.

James Latham plc is a timber and panel products distributor. The company has a market cap of 130.61 million GBP. The Firm is engaged in timber importing and distribution, carried out in approximately 10 locations. It has a 2.3 P/E ratio. The Firm offers a range of wood panel products, natural acrylic stone, hardwoods, high grade softwoods, flooring, cladding, decking and plastics.

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