What’s Propelling Petards Group plc to Reach 52-Week High?

 What's Propelling Petards Group plc to Reach 52 Week High?

The stock of Petards Group plc (LON:PEG) hit a new 52-week high and has GBX 34.26 target or 62.00% above today’s GBX 21.15 share price. The 9 months bullish chart indicates low risk for the GBX 7.99 million company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 34.26 price target is reached, the company will be worth GBX 4.95 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 decreased 0.47% or GBX 0.1 on November 16, hitting GBX 21.15. About 40,558 shares traded hands. Petards Group plc (LON:PEG) has risen 51.79% since April 18, 2016 and is uptrending. It has outperformed by 47.10% the S&P500.

Petards Group plc (LON:PEG) Ratings Coverage

Out of 2 analysts covering Petards Group PLC (LON:PEG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Petards Group PLC has been the topic of 9 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Petards Group plc (LON:PEG) has “Speculative Buy” rating given on Wednesday, March 16 by Beaufort Securities. The company was maintained on Monday, October 12 by WH Ireland. The rating was maintained by Beaufort Securities on Tuesday, October 11 with “Speculative Buy”. Beaufort Securities maintained Petards Group plc (LON:PEG) on Wednesday, September 9 with “Speculative Buy” rating. Beaufort Securities maintained Petards Group plc (LON:PEG) on Tuesday, October 13 with “Speculative Buy” rating. On Wednesday, August 17 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, July 29. The company was maintained on Friday, March 4 by Beaufort Securities. The stock of Petards Group plc (LON:PEG) earned “Speculative Buy” rating by Beaufort Securities on Friday, April 15.

Another recent and important Petards Group plc (LON:PEG) news was published by Uk.Finance.Yahoo.com which published an article titled: “Petards Group plc (PEG.L)” on March 31, 2014.

Petards Group plc supplies advanced security and surveillance systems. The company has a market cap of 7.99 million GBP. The Firm operates in the development, supply and maintenance of technologies used in advanced security, surveillance and ruggedized electronic applications segment. It has a 13.72 P/E ratio. It offers software driven on-board digital video and sensor systems for fitment to new build or retrofitted to existing rolling stock, and its applications include driver only operation, condition monitoring, saloon car closed circuit television (CCTV), drivers view cameras and automatic passenger counting systems.

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