Could Lavendon Group plc Increase Even More? The Stock Just Had a Gap Up

 Could Lavendon Group plc Increase Even More? The Stock Just Had a Gap Up

The stock of Lavendon Group plc (LON:LVD) gapped up by GBX 9 today and has GBX 228.80 target or 4.00% above today’s GBX 220.00 share price. The 7 months technical chart setup indicates low risk for the GBX 373.92M company. The gap was reported on Nov, 29 by If the GBX 228.80 price target is reached, the company will be worth GBX 14.96 million 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 0.80% or GBX 1.75 on November 29, hitting GBX 220. About 1.27 million shares traded hands or 56.08% up from the average. Lavendon Group plc (LON:LVD) has risen 58.27% since May 2, 2016 and is uptrending. It has outperformed by 53.01% 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. Peel Hunt maintained Lavendon Group plc (LON:LVD) on Thursday, July 14 with “Buy” rating. The stock of Lavendon Group plc (LON:LVD) earned “Buy” rating by N+1 Singer on Tuesday, November 17. The rating was maintained by Berenberg on Thursday, March 3 with “Buy”. Peel Hunt maintained it with “Buy” rating and GBX 275 target price in Wednesday, December 2 report. Canaccord Genuity maintained Lavendon Group plc (LON:LVD) rating on Friday, August 28. Canaccord Genuity has “Buy” rating and GBX 250 price target. The company was maintained on Tuesday, November 22 by Panmure Gordon. The stock of Lavendon Group plc (LON:LVD) has “Buy” rating given on Friday, August 28 by N+1 Singer. The rating was maintained by Peel Hunt with “Buy” on Friday, September 16. On Tuesday, November 17 the stock rating was maintained by Panmure Gordon with “Buy”. The stock of Lavendon Group plc (LON:LVD) has “Buy” rating given on Wednesday, July 20 by Peel Hunt.

More news for Lavendon Group plc (LON:LVD) were recently published by:, which released: “BARCLAYS PLC UK Regulatory Announcement: Form 8.5 – LAVENDON GROUP PLC” on November 29, 2016.‘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 373.92 million GBP. The Company’s divisions are the UK, the Middle East, Germany, France, Belgium and Corporate. It has a 48.7 P/E ratio. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental.

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