Is Selling 52-Week Stock Like P2P Global Investments PLC a Winning Strategy?

 Is Selling 52 Week Stock Like P2P Global Investments PLC a Winning Strategy?

The stock of P2P Global Investments PLC (LON:P2P) hit a new 52-week low and has GBX 749.56 target or 5.00% below today’s GBX 789.01 share price. The 7 months bearish chart indicates high risk for the GBX 671.31 million company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 749.56 price target is reached, the company will be worth GBX 33.57 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 0.50% or GBX 3.99 on November 16, hitting GBX 789.01. About 39,901 shares traded hands. P2P Global Investments PLC (LON:P2P) has declined 20.99% since April 19, 2016 and is downtrending. It has underperformed by 25.68% the S&P500.

P2P Global Investments PLC (LON:P2P) Ratings Coverage

Out of 2 analysts covering P2p Global Investments Plc (LON:P2P), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. P2p Global Investments Plc has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Jefferies on Wednesday, September 28. The rating was maintained by Jefferies on Monday, March 7 with “Hold”. As per Wednesday, July 27, the company rating was maintained by Jefferies. The stock of P2P Global Investments PLC (LON:P2P) earned “Buy” rating by Liberum Capital on Tuesday, July 26. The rating was maintained by Liberum Capital with “Buy” on Tuesday, September 1. The rating was maintained by Liberum Capital on Friday, November 27 with “Buy”.

More news for P2P Global Investments PLC (LON:P2P) were recently published by: Bloomberg.com, which released: “Europe’s First ABS of Peer-to-Peer Consumer Loans Nears Sale” on September 21, 2016. Ft.com‘s article titled: “MarketsDebut securitisation for Zopa loans” and published on September 26, 2016 is yet another important article.

P2P Global Investments plc is a United Kingdom firm that invests in credit assets originated by peer to peer platforms and other originators of alternative assets across the globe. The company has a market cap of 671.31 million GBP. The Company’s investment objectives are to provide shareholders with an attractive level of dividend income and capital growth through exposure to investments in alternative finance and related instruments; achieve investment diversification across platforms, geographies, asset classes and credit grades, and allow the shareholders to share the equity upside by investing over 10% of gross assets in equity or equity linked securities issued by platforms. It has a 21.96 P/E ratio. The Firm invests in consumer loans, small and medium-sized enterprise loans, corporate loans, and advances and loans against corporate trade receivables and other assets.

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