The stock of Horizon Discovery Group PLC (LON:HZD) hit a new 52-week low and has GBX 109.47 target or 11.00% below today’s GBX 123.00 share price. The 7 months bearish chart indicates high risk for the GBX 114.38 million company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 109.47 price target is reached, the company will be worth GBX 12.58 million 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 1.60% or GBX 2 on November 16, hitting GBX 123. About 226,262 shares traded hands or 42.01% up from the average. Horizon Discovery Group PLC (LON:HZD) has declined 23.78% since April 15, 2016 and is downtrending. It has underperformed by 28.47% the S&P500.
Horizon Discovery Group PLC (LON:HZD) Ratings Coverage
Out of 5 analysts covering Horizon Discovery Group Plc (LON:HZD), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Horizon Discovery Group Plc has been the topic of 51 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained it with “Buy” rating and GBX 270 target price in Wednesday, October 7 report. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, November 26 report. The company was maintained on Wednesday, September 21 by Beaufort Securities. Panmure Gordon maintained the shares of HZD in a report on Wednesday, March 2 with “Buy” rating. N+1 Singer maintained the shares of HZD in a report on Wednesday, November 25 with “Buy” rating. The company was maintained on Wednesday, June 1 by Panmure Gordon. Beaufort Securities maintained the stock with “Speculative Buy” rating in Thursday, September 17 report. The rating was maintained by Beaufort Securities on Wednesday, April 27 with “Speculative Buy”. The rating was maintained by Numis Securities on Thursday, September 1 with “Buy”. On Wednesday, October 7 the stock rating was maintained by N+1 Singer with “Buy”.
More news for Horizon Discovery Group PLC (LON:HZD) were recently published by: Fiercebiotech.com, which released: “Horizon Discovery Group plc In-licenses Oncology Programme from Servier and …” on October 07, 2015. Fiercebiotech.com‘s article titled: “Horizon Discovery Group plc Raises £68.6 million” and published on March 27, 2014 is yet another important article.
Horizon Discovery Group PLC is a gene editing firm that creates and engineers genetically-modified cells, applying them in research and clinical applications to advance human health. The company has a market cap of 114.38 million GBP. The Company’s gene editing platform, able to alter almost any gene sequence, has generated a catalogue of over 23,000 cell and in vivo models that recapitulate the genetic anomalies found in diseases like cancer. It currently has negative earnings.
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