The stock of UK Mail Group PLC (LON:UKM) gapped down by GBX 3 today and has GBX 411.96 target or 6.00% below today’s GBX 438.25 share price. The 7 months technical chart setup indicates high risk for the GBX 243.18 million company. The gap down was reported on Nov, 24 by Barchart.com. If the GBX 411.96 price target is reached, the company will be worth GBX 14.59M 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 0.11% or GBX 0.5 on November 24, hitting GBX 438.25. About 100,354 shares traded hands or 128.00% up from the average. UK Mail Group PLC (LON:UKM) has risen 50.09% since April 28, 2016 and is uptrending. It has outperformed by 44.68% the S&P500.
UK Mail Group PLC (LON:UKM) Ratings Coverage
Out of 3 analysts covering UK Mail Group PLC (LON:UKM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. UK Mail Group PLC has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Investec downgraded UK Mail Group PLC (LON:UKM) rating on Friday, August 7. Investec has “Add” rating and GBX 485 price target. Cantor Fitzgerald maintained the stock with “Hold” rating in Tuesday, May 24 report. As per Tuesday, January 12, the company rating was maintained by Cantor Fitzgerald. The rating was downgraded by RBC Capital Markets on Monday, August 10 to “Sector Performer”. The company was maintained on Wednesday, September 28 by Cantor Fitzgerald. Investec upgraded the shares of UKM in a report on Tuesday, October 6 to “Buy” rating. As per Tuesday, October 6, the company rating was reinitiated by Cantor Fitzgerald. The stock has “Hold” rating given by Cantor Fitzgerald on Wednesday, April 6. The stock has “Buy” rating given by Investec on Tuesday, January 12. The stock of UK Mail Group PLC (LON:UKM) earned “Hold” rating by Cantor Fitzgerald on Wednesday, November 25.
More notable recent UK Mail Group PLC (LON:UKM) news were published by: Fool.Co.Uk which released: “What does today’s offer mean for UK Mail Group plc shareholders?” on September 28, 2016, also Marketwatch.com with their article: “UK Mail profit up on cost cuts in parcels unit” published on November 17, 2016, Businesswire.com published: “Hargreave Hale Limited UK Regulatory Announcement: Form 8.3 – UK MAIL GROUP PLC” on September 29, 2016. More interesting news about UK Mail Group PLC (LON:UKM) were released by: Fool.Co.Uk and their article: “Too Late To Buy UK Mail Group Plc (+10%), Tungsten Corp Plc (+18%) & KBC …” published on January 12, 2016 as well as Marketwatch.com‘s news article titled: “UK Mail Group CEO Guy Buswell steps down” with publication date: November 25, 2015.
UK Mail Group plc is a holding company of UK Mail Limited. The company has a market cap of 243.18 million GBP. The Firm is an integrated postal operator, offering parcel and mail delivery solutions both locally and across the world. It has a 16.76 P/E ratio. The Company’s principal activity is the provision of express collection and delivery services for parcels, mail and palletized goods.
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