What Next for Plastics Capital Plc Stock After Reaching 52-Week High?

 What Next for Plastics Capital Plc Stock After Reaching 52 Week High?

The stock of Plastics Capital Plc (LON:PLA) hit a new 52-week high and has GBX 257.47 target or 120.00% above today’s GBX 117.03 share price. The 9 months bullish chart indicates low risk for the GBX 42.43 million company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 257.47 price target is reached, the company will be worth GBX 50.92 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 0.02% or GBX 0.03 on November 16, hitting GBX 117.03. About 5,149 shares traded hands. Plastics Capital Plc (LON:PLA) has risen 17.00% since April 18, 2016 and is uptrending. It has outperformed by 12.31% the S&P500.

More news for Plastics Capital Plc (LON:PLA) were recently published by: Plasticsnews.com, which released: “Plastics Capital buys Flexipol Packaging” on November 04, 2014. Plasticsnews.com‘s article titled: “Ireland’s One51 expands in North America with Encore Industries acquisition” and published on November 04, 2016 is yet another important article.

Plastics Capital plc is a holding company. The company has a market cap of 42.43 million GBP. The Firm is principally engaged in the manufacture of plastic products focused on products for various markets exporting to over 80 countries across the world. It has a 34.45 P/E ratio. The Company’s divisions include Industrial, which consists of hydraulic hose consumables, packaging consumables and plastic rotating parts, and Films, which includes high strength film packaging.

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