What’s Petards Group plc Upside After Today’s Gap Up?

 What's Petards Group plc Upside After Today's Gap Up?

The stock of Petards Group plc (LON:PEG) gapped up by GBX 0.375 today and has GBX 23.64 target or 6.00% above today’s GBX 22.30 share price. The 6 months technical chart setup indicates low risk for the GBX 7.95M company. The gap was reported on Nov, 24 by Barchart.com. If the GBX 23.64 price target is reached, the company will be worth GBX 477,000 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 increased 0.22% or GBX 0.05 on November 24, hitting GBX 22.3. About 17,818 shares traded hands. Petards Group plc (LON:PEG) has risen 60.71% since April 27, 2016 and is uptrending. It has outperformed by 55.30% the S&P500.

Petards Group plc (LON:PEG) Ratings Coverage

Out of 2 analysts covering Petards Group PLC (LON:PEG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Petards Group PLC has been the topic of 9 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Speculative Buy” rating given by Beaufort Securities on Tuesday, October 11. The rating was maintained by Beaufort Securities on Wednesday, July 29 with “Speculative Buy”. The firm has “Buy” rating given on Monday, October 12 by WH Ireland. The firm has “Speculative Buy” rating by Beaufort Securities given on Wednesday, August 17. Beaufort Securities maintained the shares of PEG in a report on Wednesday, September 9 with “Speculative Buy” rating. Beaufort Securities maintained the shares of PEG in a report on Wednesday, March 16 with “Speculative Buy” rating. The stock of Petards Group plc (LON:PEG) has “Speculative Buy” rating given on Friday, March 4 by Beaufort Securities. As per Tuesday, October 13, the company rating was maintained by Beaufort Securities. The stock of Petards Group plc (LON:PEG) has “Speculative Buy” rating given on Friday, April 15 by Beaufort Securities.

Another recent and important Petards Group plc (LON:PEG) news was published by Uk.Finance.Yahoo.com which published an article titled: “Petards Group plc (PEG.L)” on March 31, 2014.

Petards Group plc supplies advanced security and surveillance systems. The company has a market cap of 7.95 million GBP. The Firm operates in the development, supply and maintenance of technologies used in advanced security, surveillance and ruggedized electronic applications segment. It has a 14.47 P/E ratio. It offers software driven on-board digital video and sensor systems for fitment to new build or retrofitted to existing rolling stock, and its applications include driver only operation, condition monitoring, saloon car closed circuit television (CCTV), drivers view cameras and automatic passenger counting systems.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment