The stock of ST Ives PLC (LON:SIV) gapped down by GBX 0.37 today and has GBX 117.76 target or 8.00% below today’s GBX 128.00 share price. The 8 months technical chart setup indicates high risk for the GBX 182.60 million company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 117.76 price target is reached, the company will be worth GBX 14.61M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock increased 0.95% or GBX 1.2 on November 24, hitting GBX 128. About 39,965 shares traded hands. ST Ives PLC (LON:SIV) has risen 13.53% since April 28, 2016 and is uptrending. It has outperformed by 8.12% the S&P500.
ST Ives PLC (LON:SIV) Ratings Coverage
Out of 3 analysts covering St Ives PLC (LON:SIV), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. St Ives PLC has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, November 11 by N+1 Singer. Numis Securities maintained ST Ives PLC (LON:SIV) on Tuesday, October 6 with “Buy” rating. The company was maintained on Tuesday, February 16 by N+1 Singer. The stock has “Buy” rating given by Numis Securities on Wednesday, September 23. N+1 Singer maintained ST Ives PLC (LON:SIV) on Friday, January 29 with “Buy” rating. The company was maintained on Friday, November 13 by Peel Hunt. Numis Securities maintained the shares of SIV in a report on Tuesday, September 27 with “Buy” rating. The stock of ST Ives PLC (LON:SIV) has “Buy” rating given on Wednesday, November 18 by Numis Securities. N+1 Singer maintained ST Ives PLC (LON:SIV) rating on Tuesday, August 11. N+1 Singer has “Buy” rating and GBX 227 price target. On Tuesday, May 3 the stock rating was reinitiated by Peel Hunt with “Add”.
More recent ST Ives PLC (LON:SIV) news were published by: Fool.Co.Uk which released: “Why ST Ives PLC Crashed 40% Today!” on April 25, 2016. Also Fool.Co.Uk published the news titled: “Value Plays Or Value Traps? Wincanton plc, St Ives PLC, Connect Group PLC, GVC …” on May 12, 2015. Fool.Co.Uk‘s news article titled: “Should you buy last week’s losers Legal & General Group plc (-9%), Cobham plc …” with publication date: May 03, 2016 was also an interesting one.
St Ives plc is a United Kingdom-based international marketing services company. The company has a market cap of 182.60 million GBP. The Firm operates through three divisions: Strategic Marketing, Marketing Activation and Books. It currently has negative earnings. The Company’s Strategic Marketing segment consists of Data, Digital and Insight businesses.
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