The stock of Creston plc (LON:CRE) gapped up by GBX 23.51 today and has GBX 255.44 target or 106.00% above today’s GBX 124.00 share price. The 8 months technical chart setup indicates low risk for the GBX 93.40M company. The gap was reported on Nov, 18 by Barchart.com. If the GBX 255.44 price target is reached, the company will be worth GBX 99.00M 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 decreased 0.40% or GBX 0.5 on November 18, hitting GBX 124. About 157,351 shares traded hands or 299.49% up from the average. Creston plc (LON:CRE) has risen 15.81% since April 21, 2016 and is uptrending. It has outperformed by 11.38% 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. Creston PLC has been the topic of 25 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Add” rating given by Peel Hunt on Thursday, September 8. The rating was maintained by Peel Hunt with “Add” on Wednesday, February 3. As per Friday, January 15, the company rating was maintained by Liberum Capital. The firm has “Add” rating by Peel Hunt given on Tuesday, January 12. Peel Hunt maintained Creston plc (LON:CRE) rating on Thursday, April 7. Peel Hunt has “Add” rating and GBX 115 price target. The firm has “Buy” rating given on Wednesday, October 5 by N+1 Singer. The company was downgraded on Thursday, November 17 by Peel Hunt. The firm earned “Buy” rating on Monday, April 18 by Liberum Capital. The rating was maintained by Peel Hunt with “Add” on Friday, December 18. The firm earned “Buy” rating on Wednesday, January 27 by Liberum Capital.
Creston plc is a marketing communications firm delivering digital technology marketing solutions to a range of clients. The company has a market cap of 93.40 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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