The stock of Lavendon Group plc (LON:LVD) gapped up by GBX 35.225 today and has GBX 204.90 target or 5.00% above today’s GBX 195.14 share price. The 6 months technical chart setup indicates low risk for the GBX 334.40M company. The gap was reported on Nov, 23 by Barchart.com. If the GBX 204.90 price target is reached, the company will be worth GBX 16.72M 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 0.94% or GBX 1.86 on November 23, hitting GBX 195.14. About 4.12 million shares traded hands or 4506.08% up from the average. Lavendon Group plc (LON:LVD) has risen 38.66% since April 26, 2016 and is uptrending. It has outperformed by 33.34% the S&P500.
Lavendon Group plc (LON:LVD) Ratings Coverage
Out of 5 analysts covering Lavendon Group PLC (LON:LVD), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 275 is the highest target while GBX 229 is the lowest. The GBX 242.80 average target is 24.42% above today’s (GBX 195.14) stock price. Lavendon Group PLC has been the topic of 28 analyst reports since August 28, 2015 according to StockzIntelligence Inc. As per Thursday, January 14, the company rating was maintained by Canaccord Genuity. The firm earned “Buy” rating on Tuesday, April 19 by Berenberg. The firm has “Buy” rating by Canaccord Genuity given on Thursday, February 25. The firm earned “Buy” rating on Wednesday, September 2 by N+1 Singer. The stock of Lavendon Group plc (LON:LVD) earned “Buy” rating by Canaccord Genuity on Friday, November 20. The stock of Lavendon Group plc (LON:LVD) has “Buy” rating given on Friday, August 28 by Panmure Gordon. The stock of Lavendon Group plc (LON:LVD) earned “Buy” rating by Berenberg on Thursday, March 3. On Monday, October 10 the stock rating was maintained by Peel Hunt with “Buy”. The company was maintained on Friday, August 26 by Peel Hunt. The rating was maintained by Peel Hunt with “Buy” on Friday, September 16.
Another recent and important Lavendon Group plc (LON:LVD) news was published by Fool.Co.Uk which published an article titled: “Should you buy McColl’s Retail Group plc, Lavendon Group plc and BTG plc …” on July 14, 2016.
Lavendon Group plc is a United Kingdom firm engaged in the rental of powered access equipment. The company has a market cap of 334.40 million GBP. The Company’s divisions are the UK, the Middle East, Germany, France, Belgium and Corporate. It has a 43.2 P/E ratio. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental.
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