What’s Propelling Brammer plc to Increase So Much?

 What's Propelling Brammer plc to Increase So Much?

The stock of Brammer plc (LON:BRAM) is a huge mover today! The stock decreased 0.20% or GBX 0.33 on November 24, hitting GBX 167.67. About 1.35 million shares traded hands or 442.46% up from the average. Brammer plc (LON:BRAM) has declined 4.41% since April 26, 2016 and is downtrending. It has underperformed by 9.82% the S&P500.
The move comes after 8 months positive chart setup for the GBX 216.97M company. It was reported on Nov, 24 by Barchart.com. We have GBX 176.05 PT which if reached, will make LON:BRAM worth GBX 10.85M more.

Brammer plc (LON:BRAM) Ratings Coverage

Out of 3 analysts covering Brammer PLC (LON:BRAM), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Brammer PLC has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Investec maintained the stock with “Hold” rating in Tuesday, July 28 report. The stock has “Buy” rating given by Jefferies on Friday, August 5. The company was maintained on Tuesday, September 22 by Jefferies. The stock of Brammer plc (LON:BRAM) has “Buy” rating given on Wednesday, November 11 by Peel Hunt. The firm has “Buy” rating given on Thursday, February 11 by Investec. The firm earned “Buy” rating on Tuesday, January 26 by Jefferies. The stock of Brammer plc (LON:BRAM) has “Buy” rating given on Monday, October 26 by Jefferies. On Friday, March 4 the stock rating was maintained by Peel Hunt with “Buy”. Peel Hunt maintained it with “Hold” rating and GBX 60 target price in Friday, October 7 report. The firm has “Buy” rating given on Wednesday, March 9 by Jefferies.

More notable recent Brammer plc (LON:BRAM) news were published by: Reuters.com which released: “PE firm Advent to buy UK’s Brammer for 221.5 million pounds” on November 23, 2016, also Globenewswire.com with their article: “Form 8.5 (EPT/RI) – Brammer plc” published on November 24, 2016, Fool.Co.Uk published: “Should you buy Shawbrook Group plc, Brammer plc and Bunzl plc today?” on June 29, 2016. More interesting news about Brammer plc (LON:BRAM) were released by: Fool.Co.Uk and their article: “Should You Buy ITV plc, Royal Mail PLC And Brammer plc Following Today’s News?” published on July 28, 2015 as well as Fool.Co.Uk‘s news article titled: “Why Brammer plc, Rentokil Initial plc And Computacenter plc Are Falling Today” with publication date: November 07, 2014.

Brammer plc is a United Kingdom-based distributor of industrial maintenance, repair and overhaul products. The company has a market cap of 216.97 million GBP. The Company’s divisions include UK, Germany, France, Nordic and Other. It currently has negative earnings. The UK segment includes the Company’s activities in the United Kingdom, including Ireland and Iceland.

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