The stock of James Latham plc (LON:LTHP) hit a new 52-week high and has GBX 130.12 target or 6.00% above today’s GBX 122.75 share price. The 8 months bullish chart indicates low risk for the GBX 130.12M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 130.12 price target is reached, the company will be worth GBX 7.81 million 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 increased 0.20% or GBX 0.25 on November 25, hitting GBX 122.75. It is down 0.00% since April 7, 2016 and is . It has underperformed by 5.41% the S&P500.
More news for James Latham plc (LON:LTHP) were recently published by: Fool.Co.Uk, which released: “Should you buy Premier Oil plc, DS Smith plc and James Latham plc following …” on June 23, 2016. Finance.Yahoo.com‘s article titled: “Global Wooden Decking Market Worth USD 8.56 Billion by 2025 – Analysis …” and published on September 28, 2016 is yet another important article.
James Latham plc is a timber and panel products distributor. The company has a market cap of 130.12 million GBP. The Firm is engaged in timber importing and distribution, carried out in approximately 10 locations. It has a 2.3 P/E ratio. The Firm offers a range of wood panel products, natural acrylic stone, hardwoods, high grade softwoods, flooring, cladding, decking and plastics.
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