What’s Propelling Avon Rubber plc to Reach 52-Week High?

 What's Propelling Avon Rubber plc to Reach 52 Week High?

The stock of Avon Rubber plc (LON:AVON) hit a new 52-week high and has GBX 1136.87 target or 9.00% above today’s GBX 1043.00 share price. The 9 months bullish chart indicates low risk for the GBX 323.57M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 1136.87 price target is reached, the company will be worth GBX 29.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 4.22% or GBX 46 on November 24, hitting GBX 1043. About 36,316 shares traded hands or 1.49% up from the average. Avon Rubber plc (LON:AVON) has risen 43.20% since April 27, 2016 and is uptrending. It has outperformed by 37.79% the S&P500.

Avon Rubber plc (LON:AVON) Ratings Coverage

Out of 6 analysts covering Avon Rubber PLC (LON:AVON), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Avon Rubber PLC has been the topic of 22 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Panmure Gordon maintained Avon Rubber plc (LON:AVON) rating on Friday, September 9. Panmure Gordon has “Buy” rating and GBX 1020 price target. Panmure Gordon maintained the shares of AVON in a report on Friday, September 30 with “Buy” rating. N+1 Singer maintained Avon Rubber plc (LON:AVON) on Thursday, August 6 with “Buy” rating. The firm has “Buy” rating by Panmure Gordon given on Wednesday, May 4. The stock of Avon Rubber plc (LON:AVON) earned “Buy” rating by Panmure Gordon on Thursday, November 17. The stock has “Buy” rating given by Panmure Gordon on Thursday, March 24. N+1 Singer maintained the shares of AVON in a report on Tuesday, October 18 with “Buy” rating. The firm has “Hold” rating given on Wednesday, November 18 by Investec. The stock has “Buy” rating given by WH Ireland on Wednesday, November 18. The company was maintained on Friday, November 20 by N+1 Singer.

Avon Rubber p.l.c. is engaged in the design, test and manufacturing specialist products. The company has a market cap of 323.57 million GBP. The Firm operates in two divisions: Protection & Defence, and Dairy. It has a 17.3 P/E ratio. The Company’s Protection & Defence segment consists of a range of respiratory products.

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