The stock of Brammer plc (LON:BRAM) gapped up by GBX 65.25 today and has GBX 176.05 target or 5.00% above today’s GBX 167.67 share price. The 5 months technical chart setup indicates low risk for the GBX 216.97 million company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 176.05 price target is reached, the company will be worth GBX 10.85 million 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 0.20% or GBX 0.33 on November 24, hitting GBX 167.67. About 1.35 million shares traded hands or 442.46% up from the average. Brammer plc (LON:BRAM) has declined 5.24% since April 27, 2016 and is downtrending. It has underperformed by 10.65% the S&P500.
Brammer plc (LON:BRAM) Ratings Coverage
Out of 3 analysts covering Brammer PLC (LON:BRAM), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Brammer PLC has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Peel Hunt maintained Brammer plc (LON:BRAM) on Wednesday, November 11 with “Buy” rating. The stock of Brammer plc (LON:BRAM) earned “Buy” rating by Peel Hunt on Friday, March 4. The stock has “Buy” rating given by Jefferies on Wednesday, March 9. Peel Hunt maintained the shares of BRAM in a report on Friday, October 7 with “Hold” rating. Investec maintained Brammer plc (LON:BRAM) rating on Thursday, February 11. Investec has “Buy” rating and GBX 210 price target. The rating was maintained by Investec with “Hold” on Tuesday, July 28. The company was downgraded on Tuesday, March 8 by Peel Hunt. The rating was upgraded by Investec on Wednesday, November 11 to “Buy”. Peel Hunt downgraded the shares of BRAM in a report on Wednesday, June 29 to “Hold” rating. The firm earned “Hold” rating on Thursday, October 8 by Investec.
More important recent Brammer plc (LON:BRAM) news were published by: Reuters.com which released: “PE firm Advent to buy UK’s Brammer for 221.5 million pounds” on November 23, 2016, also Globenewswire.com published article titled: “Form 8.5 (EPT/RI) – Brammer plc”, Fool.Co.Uk published: “Should you buy Shawbrook Group plc, Brammer plc and Bunzl plc today?” on June 29, 2016. More interesting news about Brammer plc (LON:BRAM) was released by: Fool.Co.Uk and their article: “Should You Buy ITV plc, Royal Mail PLC And Brammer plc Following Today’s News?” with publication date: July 28, 2015.
Brammer plc is a United Kingdom-based distributor of industrial maintenance, repair and overhaul products. The company has a market cap of 216.97 million GBP. The Company’s divisions include UK, Germany, France, Nordic and Other. It currently has negative earnings. The UK segment includes the Company’s activities in the United Kingdom, including Ireland and Iceland.
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