The stock of Johnston Press plc (LON:JPR) gapped up by GBX 0.5 today and has GBX 15.30 target or 7.00% above today’s GBX 14.30 share price. The 7 months technical chart setup indicates low risk for the GBX 15.43M company. The gap was reported on Nov, 29 by Barchart.com. If the GBX 15.30 price target is reached, the company will be worth GBX 1.08M 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 0.35% or GBX 0.05 on November 29, hitting GBX 14.3. About 100,948 shares traded hands. Johnston Press plc (LON:JPR) has declined 64.33% since May 2, 2016 and is downtrending. It has underperformed by 69.59% the S&P500.
Johnston Press plc (LON:JPR) Ratings Coverage
Out of 5 analysts covering Johnston Press PLC (LON:JPR), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. Johnston Press PLC has been the topic of 41 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Johnston Press plc (LON:JPR) has “Sell” rating given on Thursday, November 26 by Peel Hunt. As per Monday, February 1, the company rating was maintained by Liberum Capital. Liberum Capital maintained the stock with “Buy” rating in Thursday, February 18 report. The firm earned “Reduce” rating on Monday, November 14 by Peel Hunt. As per Thursday, August 4, the company rating was maintained by Liberum Capital. The stock has “Buy” rating given by Liberum Capital on Wednesday, May 18. Panmure Gordon maintained the shares of JPR in a report on Tuesday, January 19 with “Buy” rating. Peel Hunt upgraded it to “Reduce” rating and GBX 27 target price in Friday, March 4 report. The firm earned “Buy” rating on Tuesday, March 1 by Liberum Capital. Panmure Gordon maintained the shares of JPR in a report on Tuesday, March 22 with “Buy” rating.
More news for Johnston Press plc (LON:JPR) were recently published by: Bloomberg.com, which released: “Johnston Press Sales Fall as U.K. Election Curtails Ad Spending” on August 11, 2015. Moodys.com‘s article titled: “Moody’s downgrades Johnston Press’ ratings to Caa1 from B3; stable outlook” and published on March 07, 2016 is yet another important article.
Johnston Press plc is a United Kingdom local and regional multimedia organization. The company has a market cap of 15.43 million GBP. The Firm provides news and information services to local and regional communities through its portfolio of various publications and Websites. It currently has negative earnings. The Firm operates through two divisions: Publishing and Contract Printing.
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