The stock of Dee Valley Group plc (LON:DVW) hit a new 52-week high and has GBX 1900.50 target or 5.00% above today’s GBX 1810.00 share price. The 5 months bullish chart indicates low risk for the GBX 83.73 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the GBX 1900.50 price target is reached, the company will be worth GBX 4.19M 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 0.28% or GBX 5 on November 28, hitting GBX 1810. About 1,464 shares traded hands. Dee Valley Group plc (LON:DVW) has risen 37.24% since April 28, 2016 and is uptrending. It has outperformed by 31.23% the S&P500.
More recent Dee Valley Group plc (LON:DVW) news were published by: Globenewswire.com which released: “Form 8.5 (EPT/RI) (AMENDMENT) – Dee Valley Group plc” on May 19, 2015. Also Wsj.com published the news titled: “Severn Trent Increases Bid for Dee Valley to Fend Off Ancala” on November 23, 2016. Marketwatch.com‘s news article titled: “Dee Valley Group PLC” with publication date: June 12, 2011 was also an interesting one.
Dee Valley Group plc, through its subsidiary, Dee Valley Water plc, supplies drinking water to approximately 266,000 domestic and business clients in northeast Wales and in northwest Cheshire. The company has a market cap of 83.73 million GBP. The Company’s area of supply includes over 830 square kilometers, centered on Wrexham, Chester and the surrounding area. It has a 18.01 P/E ratio. The Firm supplies approximately 60 million liters of water a day.
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