The stock of Wincanton plc (LON:WIN) gapped up by GBX 2 today and has GBX 230.68 target or 3.00% above today’s GBX 223.96 share price. The 5 months technical chart setup indicates low risk for the GBX 279.16M company. The gap was reported on Nov, 22 by Barchart.com. If the GBX 230.68 price target is reached, the company will be worth GBX 8.37M 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 2.85% or GBX 6.21 on November 22, hitting GBX 223.96. About 176,972 shares traded hands or 103.47% up from the average. Wincanton plc (LON:WIN) has risen 29.61% since April 25, 2016 and is uptrending. It has outperformed by 25.06% the S&P500.
Wincanton plc (LON:WIN) Ratings Coverage
Out of 6 analysts covering Wincanton PLC (LON:WIN), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Wincanton PLC has been the topic of 38 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, November 4 by Liberum Capital. Liberum Capital maintained Wincanton plc (LON:WIN) rating on Wednesday, June 15. Liberum Capital has “Buy” rating and GBX 250 price target. Cantor Fitzgerald maintained the stock with “Buy” rating in Thursday, November 12 report. The stock of Wincanton plc (LON:WIN) earned “Buy” rating by Cantor Fitzgerald on Friday, September 23. The firm has “Buy” rating by Liberum Capital given on Thursday, July 21. Cantor Fitzgerald maintained Wincanton plc (LON:WIN) on Tuesday, August 4 with “Buy” rating. The firm has “Buy” rating given on Thursday, November 12 by Liberum Capital. Cantor Fitzgerald maintained it with “Buy” rating and GBX 220 target price in Wednesday, September 9 report. The firm has “Buy” rating by Numis Securities given on Thursday, June 9. Liberum Capital maintained Wincanton plc (LON:WIN) rating on Tuesday, July 26. Liberum Capital has “Buy” rating and GBX 275 price target.
More news for Wincanton plc (LON:WIN) were recently published by: Fool.Co.Uk, which released: “Should you buy Wincanton plc (+9%), Future plc (+8%) and Xcite Energy Limited …” on June 23, 2016. Fool.Co.Uk‘s article titled: “Is Now The Perfect Time To Buy Wincanton plc?” and published on October 31, 2014 is yet another important article.
Wincanton plc is a provider of supply chain solutions. The company has a market cap of 279.16 million GBP. The Firm operates through two divisions: Retail & Consumer, and Industrial & Transport. It has a 4.34 P/E ratio. The Company’s Retail & Consumer segment focuses on consumer products business and brings to clients through the entire supply chain from producer to retailer, and Industrial & Transport segment focuses on an integrated and optimized transport operation, and includes Containers business and Pullman business.
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