The stock of North Midland Construction plc (LON:NMD) hit a new 52-week high and has GBX 180.60 target or 5.00% above today’s GBX 172.00 share price. The 9 months bullish chart indicates low risk for the GBX 17.30 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 180.60 price target is reached, the company will be worth GBX 865,000 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 4.88% or GBX 8 on November 25, hitting GBX 172. About 13,733 shares traded hands or 342.14% up from the average. North Midland Construction plc (LON:NMD) has risen 21.71% since April 28, 2016 and is uptrending. It has outperformed by 16.30% the S&P500.
More news for North Midland Construction plc (LON:NMD) were recently published by: Blogs.Wsj.com, which released: “The Morning Ledger: SEC Reverses Itself on Proxy Access” on October 23, 2015. Bloomberg.com‘s article titled: “Fed, Trump-Kelly, Hedge Funds: Global Week Ahead May 14-21” and published on May 12, 2016 is yet another important article.
North Midland Construction PLC is a United Kingdom building, civil engineering, highways and utilities company. The company has a market cap of 17.30 million GBP. The Company’s operating divisions include PLC, which consists of building, civil engineering, highways, utilities and NMCNomenca divisions, and Nomenca, which consists of mechanical and electrical engineering services and products. It has a 10.97 P/E ratio. The Company’s building division focuses in the construction of new build and refurbishment projects across the Midlands region.