The stock of Billington Holdings PLC (LON:BILN) hit a new 52-week low and has GBX 180.40 target or 12.00% below today’s GBX 205.00 share price. The 6 months bearish chart indicates high risk for the GBX 26.36 million company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 180.40 price target is reached, the company will be worth GBX 3.16M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 5.75% or GBX 12.5 on November 16, hitting GBX 205. About 37,334 shares traded hands or 564.78% up from the average. Billington Holdings PLC (LON:BILN) has declined 10.31% since April 18, 2016 and is downtrending. It has underperformed by 15.00% the S&P500.
More news for Billington Holdings PLC (LON:BILN) were recently published by: Uk.Finance.Yahoo.com, which released: “Billington Holdings Plc (BILN.L)” on March 29, 2014. Marketwatch.com‘s article titled: “Billington says Brexit won’t change long-term plan” and published on September 20, 2016 is yet another important article.
Billington Holdings Plc is a United-Kingdom based holding firm providing management services to its subsidiaries. The company has a market cap of 26.36 million GBP. The Firm operates as a designer, maker and installer of structural steelwork, through its subsidiaries, Billington Structures Limited and Peter Marshall Steel Stairs Limited, and as a supplier of safety solutions and barrier systems to the construction industry, through its subsidiary, easi-edge Limited. It has a 9.58 P/E ratio. Billington Structures Limited’s projects include Next Distribution Centre, Doncaster; Brize Norton Aircraft Hangar; Aldi Distribution Centre, Cardiff; One New Bailey, Salford, and Wellington Place, Leeds. easi-edge Limited’s projects include C Sovereign Square, Leeds; Central Square, Leeds; St.
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