The stock of Dee Valley Group plc (LON:DVW) hit a new 52-week high and has GBX 4785.53 target or 183.00% above today’s GBX 1691.00 share price. The 9 months bullish chart indicates low risk for the GBX 86.94 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 4785.53 price target is reached, the company will be worth GBX 159.10 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 0.97% or GBX 16.5 on November 17, hitting GBX 1691. About 13,177 shares traded hands or 518.35% up from the average. Dee Valley Group plc (LON:DVW) has risen 29.11% since April 20, 2016 and is uptrending. It has outperformed by 24.49% the S&P500.
More important recent Dee Valley Group plc (LON:DVW) news were published by: Globenewswire.com which released: “Form 8.5 (EPT/RI) – Dee Valley Group plc” on November 17, 2016, also Globenewswire.com published article titled: “Form 8.5 (EPT/RI) (AMENDMENT) – Dee Valley Group plc”, Rttnews.com published: “Severn Trent unit to acquire Dee Valley – Quick Facts” on November 16, 2016. More interesting news about Dee Valley Group plc (LON:DVW) was released by: Fool.Co.Uk and their article: “Is Now The Time To Invest In National Grid plc, United Utilities Group plc And …” with publication date: October 02, 2015.
Dee Valley Group plc, through its subsidiary, Dee Valley Water plc, supplies drinking water to approximately 266,000 domestic and business clients in northeast Wales and in northwest Cheshire. The company has a market cap of 86.94 million GBP. The Company’s area of supply includes over 830 square kilometers, centered on Wrexham, Chester and the surrounding area. It has a 16.83 P/E ratio. The Firm supplies approximately 60 million liters of water a day.
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