What’s Next for Lavendon Group plc After Today’s Gap Up?

 What's Next for Lavendon Group plc After Today's Gap Up?

The stock of Lavendon Group plc (LON:LVD) gapped up by GBX 9 today and has GBX 229.13 target or 5.00% above today’s GBX 218.22 share price. The 9 months technical chart setup indicates low risk for the GBX 370.89M company. The gap was reported on Nov, 28 by Barchart.com. If the GBX 229.13 price target is reached, the company will be worth GBX 18.54M 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 6.84% or GBX 13.97 on November 28, hitting GBX 218.22. About 1.08M shares traded hands or 32.73% up from the average. Lavendon Group plc (LON:LVD) has risen 57.01% since April 29, 2016 and is uptrending. It has outperformed by 51.00% the S&P500.

Lavendon Group plc (LON:LVD) Ratings Coverage

Out of 5 analysts covering Lavendon Group PLC (LON:LVD), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Lavendon Group PLC has been the topic of 29 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Panmure Gordon with “Buy” on Tuesday, November 17. The company was maintained on Monday, October 10 by Peel Hunt. The rating was maintained by Canaccord Genuity on Friday, August 28 with “Buy”. Berenberg maintained the stock with “Buy” rating in Tuesday, April 19 report. The firm earned “Buy” rating on Friday, November 20 by Canaccord Genuity. The rating was maintained by N+1 Singer with “Buy” on Tuesday, November 17. Peel Hunt maintained the stock with “Buy” rating in Thursday, March 31 report. The rating was maintained by Peel Hunt with “Buy” on Tuesday, November 15. As per Friday, September 16, the company rating was maintained by Peel Hunt. The rating was maintained by Panmure Gordon on Tuesday, November 22 with “Buy”.

More news for Lavendon Group plc (LON:LVD) were recently published by: Businesswire.com, which released: “Melqart Asset Mgmt UK Regulatory Announcement: Form 8.3 – Lavendon Group PLC” on November 28, 2016. Businesswire.com‘s article titled: “Halcyon Asset Mgt UK Regulatory Announcement: Form 8.3 – Lavendon Group PLC” and published on November 25, 2016 is yet another important article.

Lavendon Group plc is a United Kingdom firm engaged in the rental of powered access equipment. The company has a market cap of 370.89 million GBP. The Company’s divisions are the UK, the Middle East, Germany, France, Belgium and Corporate. It has a 48.31 P/E ratio. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental.

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