The stock of Andrews Sykes Group plc (LON:ASY) hit a new 52-week high and has GBX 450.50 target or 6.00% above today’s GBX 425.00 share price. The 5 months bullish chart indicates low risk for the GBX 186.29 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 450.50 price target is reached, the company will be worth GBX 11.18 million 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 1.73% or GBX 7.5 on November 29, hitting GBX 425. About 7,563 shares traded hands or 576.48% up from the average. Andrews Sykes Group plc (LON:ASY) has risen 45.38% since May 2, 2016 and is uptrending. It has outperformed by 40.12% the S&P500.
More news for Andrews Sykes Group plc (LON:ASY) were recently published by: Wsj.com, which released: “The Pumps That Are Saving New York” on November 01, 2012. Law360.com‘s article titled: “SVG Drops Earlier Deal For $950M Sale To Goldman, CPPIB” and published on October 06, 2016 is yet another important article.
Andrews Sykes Group plc is engaged in hiring, selling and installing of a range of equipment, including pumping, portable heating, air conditioning, drying and ventilation equipment. The company has a market cap of 186.29 million GBP. The Company’s divisions include Hire and sales Europe, and Hire and sales Middle East, and Installation. It has a 13.54 P/E ratio. It operates in the United Kingdom, Europe and the United Arab Emirates, providing the hire and sale of environmental control equipment.
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