After Today’s Gap Up, Is Johnston Press plc’s Near-Term Analysis Positive

 After Today's Gap Up, Is Johnston Press plc's Near Term Analysis Positive

The stock of Johnston Press plc (LON:JPR) gapped up by GBX 0.5 today and has GBX 14.98 target or 7.00% above today’s GBX 14.00 share price. The 9 months technical chart setup indicates low risk for the GBX 15.10M company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 14.98 price target is reached, the company will be worth GBX 1.06M 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 3.70% or GBX 0.5 on November 28, hitting GBX 14. About 140,000 shares traded hands. Johnston Press plc (LON:JPR) has declined 65.24% since April 29, 2016 and is downtrending. It has underperformed by 71.26% the S&P500.

Johnston Press plc (LON:JPR) Ratings Coverage

Out of 5 analysts covering Johnston Press PLC (LON:JPR), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Johnston Press PLC has been the topic of 41 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Thursday, August 13. Liberum Capital maintained the shares of JPR in a report on Thursday, August 4 with “Buy” rating. The stock has “Buy” rating given by Liberum Capital on Tuesday, March 22. As per Friday, July 8, the company rating was maintained by Peel Hunt. Panmure Gordon maintained Johnston Press plc (LON:JPR) on Friday, November 20 with “Buy” rating. The firm has “Reduce” rating given on Wednesday, May 18 by Peel Hunt. Peel Hunt maintained Johnston Press plc (LON:JPR) on Tuesday, October 27 with “Buy” rating. The stock of Johnston Press plc (LON:JPR) earned “Reduce” rating by Peel Hunt on Friday, March 4. The stock has “Reduce” rating given by Peel Hunt on Thursday, August 4. As per Monday, February 15, the company rating was maintained by Liberum Capital.

More recent Johnston Press plc (LON:JPR) news were published by: Bloomberg.com which released: “Johnston Press Sales Fall as U.K. Election Curtails Ad Spending” on August 11, 2015. Also Moodys.com published the news titled: “Moody’s downgrades Johnston Press’ ratings to Caa1 from B3; stable outlook” on March 07, 2016. Uk.Finance.Yahoo.com‘s news article titled: “Johnston Press plc (JPR.L)” with publication date: March 29, 2014 was also an interesting one.

Johnston Press plc is a United Kingdom local and regional multimedia organization. The company has a market cap of 15.10 million GBP. The Firm provides news and information services to local and regional communities through its portfolio of various publications and Websites. It currently has negative earnings. The Firm operates through two divisions: Publishing and Contract Printing.

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