The stock of Nord Anglia Education Inc (NYSE:NORD) gapped down by GBX 0.045 today and has GBX 22.67 target or 3.00% below today’s GBX 23.37 share price. The 7 months technical chart setup indicates high risk for the GBX 2.43B company. The gap down was reported on Nov, 29 by Barchart.com. If the GBX 22.67 price target is reached, the company will be worth GBX 72.90M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 102,378 shares traded hands or 6.09% up from the average. Nord Anglia Education Inc (NYSE:NORD) has risen 12.40% since April 26, 2016 and is uptrending. It has outperformed by 7.14% the S&P500.
Nord Anglia Education Inc (NYSE:NORD) Ratings Coverage
Out of 7 analysts covering Nord Anglia Education (NYSE:NORD), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Nord Anglia Education has been the topic of 10 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, October 9 with “Outperform”. The stock has “Outperform” rating given by Credit Suisse on Wednesday, February 3. JP Morgan maintained the shares of NORD in a report on Tuesday, August 9 with “Overweight” rating. The rating was downgraded by CLSA on Monday, June 13 to “Outperform”. RBC Capital Markets maintained the shares of NORD in a report on Tuesday, October 20 with “Outperform” rating.
More notable recent Nord Anglia Education Inc (NYSE:NORD) news were published by: Prnewswire.com which released: “Nord Anglia Education Reports Financial Results for the Fourth Quarter and …” on November 29, 2016, also Prnewswire.com with their article: “Nord Anglia Education Announces Second Campus For Nord Anglia International …” published on September 12, 2016, Prnewswire.com published: “Nord Anglia Education Announces Starting Student Enrollment, Update On China …” on October 10, 2016. More interesting news about Nord Anglia Education Inc (NYSE:NORD) were released by: Prnewswire.com and their article: “Nord Anglia Education Announces Sale and Leaseback Transactions for $167.0 Million” published on April 04, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Nord Anglia Education Inc.NORD” with publication date: March 24, 2014.
Nord Anglia Education, Inc. is an operator of premium international schools. The company has a market cap of $2.43 billion. The principal activities of the Company consist of premium schools and associated activities in China, which includes the People’s Republic of China and Hong Kong Special Administrative Region ; Europe, which includes Switzerland, Slovakia, Hungary, Czech Republic, Spain and Poland; Middle East/South East Asia (ME/SEA), which includes the United Arab Emirates, Qatar, Thailand, Singapore, Cambodia and Vietnam, and North America, which includes the United States and Mexico. It has a 199.11 P/E ratio. The Company’s divisions are China, Europe, ME/SEA, North America and Other.
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