The stock of Creston plc (LON:CRE) gapped up by GBX 23.51 today and has GBX 300.05 target or 141.00% above today’s GBX 124.50 share price. The 8 months technical chart setup indicates low risk for the GBX 70.42M company. The gap was reported on Nov, 17 by Barchart.com. If the GBX 300.05 price target is reached, the company will be worth GBX 99.29 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 33.16% or GBX 31 on November 17, hitting GBX 124.5. About 572,390 shares traded hands or 1389.86% up from the average. Creston plc (LON:CRE) has risen 15.81% since April 20, 2016 and is uptrending. It has outperformed by 11.19% the S&P500.
Creston plc (LON:CRE) Ratings Coverage
Out of 3 analysts covering Creston PLC (LON:CRE), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. GBX 190 is the highest target while GBX 115 is the lowest. The GBX 148 average target is 18.88% above today’s (GBX 124.5) stock price. Creston PLC has been the topic of 25 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, November 25, the company rating was maintained by Liberum Capital. On Tuesday, January 12 the stock rating was maintained by Peel Hunt with “Add”. Liberum Capital maintained the shares of CRE in a report on Wednesday, January 27 with “Buy” rating. The stock of Creston plc (LON:CRE) has “Buy” rating given on Tuesday, November 24 by N+1 Singer. The stock of Creston plc (LON:CRE) earned “Add” rating by Peel Hunt on Wednesday, February 3. Peel Hunt maintained Creston plc (LON:CRE) rating on Thursday, February 11. Peel Hunt has “Add” rating and GBX 115 price target. The stock has “Buy” rating given by Liberum Capital on Tuesday, October 6. The stock of Creston plc (LON:CRE) earned “Buy” rating by Liberum Capital on Monday, April 18. The stock has “Buy” rating given by Liberum Capital on Wednesday, September 14. On Friday, January 15 the stock rating was maintained by Liberum Capital with “Buy”.
More recent Creston plc (LON:CRE) news were published by: Fool.Co.Uk which released: “Is Creston plc A Better Buy Than WPP PLC and Pearson plc?” on June 16, 2015. Also Fool.Co.Uk published the news titled: “Why Are Creston plc And Iofina plc Sinking Today?” on November 24, 2015. Fool.Co.Uk‘s news article titled: “Why Bacanora Minerals Ltd & Creston plc Are Flying High Today” with publication date: June 09, 2015 was also an interesting one.
Creston plc is a marketing communications firm delivering digital technology marketing solutions to a range of clients. The company has a market cap of 70.42 million GBP. The Firm operates through two divisions. It currently has negative earnings. The Communications & Insight segment’s services include advertising, brand strategy, customer relationship marketing, digital and direct marketing, local marketing, market research using face-to-face, telephone and online data collection techniques, social media marketing and public relations.
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