The stock of Lavendon Group plc (LON:LVD) hit a new 52-week high and has GBX 206.85 target or 6.00% above today’s GBX 195.14 share price. The 9 months bullish chart indicates low risk for the GBX 334.40 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 206.85 price target is reached, the company will be worth GBX 20.06M 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 0.94% or GBX 1.86 on November 23, hitting GBX 195.14. About 4.12M shares traded hands or 4506.08% up from the average. Lavendon Group plc (LON:LVD) has risen 34.24% since April 25, 2016 and is uptrending. It has outperformed by 28.91% 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. The rating was maintained by Berenberg with “Buy” on Thursday, March 3. The firm earned “Buy” rating on Monday, August 15 by Peel Hunt. The stock has “Buy” rating given by Peel Hunt on Wednesday, July 20. The stock has “Buy” rating given by Peel Hunt on Thursday, January 14. The firm earned “Buy” rating on Monday, October 10 by Peel Hunt. The stock of Lavendon Group plc (LON:LVD) earned “Buy” rating by Panmure Gordon on Tuesday, November 22. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, November 17. The firm has “Buy” rating given on Wednesday, September 2 by N+1 Singer. Peel Hunt maintained it with “Buy” rating and GBX 275 target price in Tuesday, November 15 report. The firm has “Buy” rating by Canaccord Genuity given on Friday, November 20.
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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