What’s Propelling United Carpets Group plc to Increase So Much?

 What's Propelling United Carpets Group plc to Increase So Much?

The stock of United Carpets Group plc (LON:UCG) is a huge mover today! The stock increased 3.90% or GBX 0.38 on November 28, hitting GBX 10. About 700 shares traded hands. United Carpets Group plc (LON:UCG) has declined 20.62% since April 28, 2016 and is downtrending. It has underperformed by 26.63% the S&P500.
The move comes after 5 months positive chart setup for the GBX 7.91M company. It was reported on Nov, 28 by Barchart.com. We have GBX 10.30 PT which if reached, will make LON:UCG worth GBX 237,300 more.

United Carpets Group plc is engaged in carpet and bed retailing. The company has a market cap of 7.91 million GBP. The Firm is also involved in franchising of retail outlets. It has a 6.71 P/E ratio. The Company’s divisions include Franchising and Retail, Warehousing and Property.

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