The stock of Udg Healthcare PLC (LON:UDG) gapped down by GBX 2.5 today and has GBX 571.49 target or 7.00% below today’s GBX 614.50 share price. The 6 months technical chart setup indicates high risk for the GBX 1.50B company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 571.49 price target is reached, the company will be worth GBX 105.00M 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 decreased 6.68% or GBX 44 on November 24, hitting GBX 614.5. About 1.61 million shares traded hands or 213.11% up from the average. Udg Healthcare PLC (LON:UDG) has 0.00% since April 27, 2016 and is . It has underperformed by 5.41% the S&P500.
Udg Healthcare PLC (LON:UDG) Ratings Coverage
Out of 9 analysts covering UDG Healthcare PLC (LON:UDG), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. UDG Healthcare PLC has been the topic of 44 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Davy Research given on Friday, July 31. The stock of Udg Healthcare PLC (LON:UDG) earned “Add” rating by Numis Securities on Wednesday, September 28. The firm has “Outperform” rating by Davy Research given on Monday, October 24. The rating was maintained by Goodbody on Thursday, August 4 with “Buy”. The stock of Udg Healthcare PLC (LON:UDG) earned “Buy” rating by Berenberg on Wednesday, May 25. As per Thursday, November 24, the company rating was maintained by Cantor Fitzgerald. N+1 Singer maintained Udg Healthcare PLC (LON:UDG) rating on Friday, September 25. N+1 Singer has “Buy” rating and GBX 609 price target. The stock of Udg Healthcare PLC (LON:UDG) has “Buy” rating given on Friday, February 12 by Berenberg. The stock of Udg Healthcare PLC (LON:UDG) has “Add” rating given on Friday, June 24 by Numis Securities. The rating was maintained by Goodbody on Friday, April 1 with “Buy”.
UDG Healthcare plc, formerly United Drug plc, is a healthcare services well-known provider in the Republic of Ireland, the United Kingdom, North America and Continental Europe. The company has a market cap of 1.50 billion GBP. The Firm operates in three divisions. It has a 33.02 P/E ratio. The Ashfield Commercial & Medical Services segment is engaged in the provision of sales, marketing and healthcare communications services to pharmaceutical companies, and it also provides sales teams, healthcare communications, telesales, nurse educators, medical information, pharmacovigilance, regulatory and event management services to over 300 healthcare companies in approximately 20 countries.
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