The stock of P2P Global Investments PLC (LON:P2P) hit a new 52-week low and has GBX 688.24 target or 7.00% below today’s GBX 740.04 share price. The 6 months bearish chart indicates high risk for the GBX 628.02 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 688.24 price target is reached, the company will be worth GBX 43.96 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.33% or GBX 9.96 on November 29, hitting GBX 740.04. About 110,291 shares traded hands or 2.19% up from the average. P2P Global Investments PLC (LON:P2P) has declined 25.04% since May 2, 2016 and is downtrending. It has underperformed by 30.30% the S&P500.
P2P Global Investments PLC (LON:P2P) Ratings Coverage
Out of 2 analysts covering P2p Global Investments Plc (LON:P2P), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. P2p Global Investments Plc has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of P2P Global Investments PLC (LON:P2P) has “Buy” rating given on Friday, November 27 by Liberum Capital. The stock has “Buy” rating given by Liberum Capital on Tuesday, July 26. Liberum Capital maintained P2P Global Investments PLC (LON:P2P) rating on Tuesday, September 1. Liberum Capital has “Buy” rating and GBX 1300 price target. On Wednesday, September 28 the stock rating was maintained by Jefferies with “Hold”. The stock of P2P Global Investments PLC (LON:P2P) earned “Hold” rating by Jefferies on Wednesday, July 27. The company was maintained on Monday, March 7 by Jefferies.
More news for P2P Global Investments PLC (LON:P2P) were recently published by: Bloomberg.com, which released: “Europe’s First ABS of Peer-to-Peer Consumer Loans Nears Sale” on September 21, 2016. Ft.com‘s article titled: “MarketsDebut securitisation for Zopa loans” and published on September 26, 2016 is yet another important article.
P2P Global Investments plc is a United Kingdom firm that invests in credit assets originated by peer to peer platforms and other originators of alternative assets across the globe. The company has a market cap of 628.02 million GBP. The Company’s investment objectives are to provide shareholders with an attractive level of dividend income and capital growth through exposure to investments in alternative finance and related instruments; achieve investment diversification across platforms, geographies, asset classes and credit grades, and allow the shareholders to share the equity upside by investing over 10% of gross assets in equity or equity linked securities issued by platforms. It has a 20.59 P/E ratio. The Firm invests in consumer loans, small and medium-sized enterprise loans, corporate loans, and advances and loans against corporate trade receivables and other assets.
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