Will Petards Group plc Run Out of Steam Soon?

 Will Petards Group plc Run Out of Steam Soon?

The stock of Petards Group plc (LON:PEG) hit a new 52-week high and has GBX 23.60 target or 5.00% above today’s GBX 22.48 share price. The 5 months bullish chart indicates low risk for the GBX 8.04 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the GBX 23.60 price target is reached, the company will be worth GBX 402,000 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 1.19% or GBX 0.27 on November 29, hitting GBX 22.48. About 11,512 shares traded hands. Petards Group plc (LON:PEG) has risen 62.50% since April 29, 2016 and is uptrending. It has outperformed by 57.24% the S&P500.

Petards Group plc (LON:PEG) Ratings Coverage

Out of 2 analysts covering Petards Group PLC (LON:PEG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Petards Group PLC has been the topic of 9 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Petards Group plc (LON:PEG) has “Speculative Buy” rating given on Friday, April 15 by Beaufort Securities. Beaufort Securities maintained the shares of PEG in a report on Wednesday, September 9 with “Speculative Buy” rating. As per Wednesday, August 17, the company rating was maintained by Beaufort Securities. The firm earned “Speculative Buy” rating on Tuesday, October 13 by Beaufort Securities. The rating was maintained by WH Ireland with “Buy” on Monday, October 12. The rating was maintained by Beaufort Securities on Tuesday, October 11 with “Speculative Buy”. The rating was maintained by Beaufort Securities on Wednesday, March 16 with “Speculative Buy”. The rating was maintained by Beaufort Securities with “Speculative Buy” on Wednesday, July 29. The stock of Petards Group plc (LON:PEG) has “Speculative Buy” rating given on Friday, March 4 by Beaufort Securities.

Another recent and important Petards Group plc (LON:PEG) news was published by Uk.Finance.Yahoo.com which published an article titled: “Petards Group plc (PEG.L)” on March 31, 2014.

Petards Group plc supplies advanced security and surveillance systems. The company has a market cap of 8.04 million GBP. The Firm operates in the development, supply and maintenance of technologies used in advanced security, surveillance and ruggedized electronic applications segment. It has a 14.59 P/E ratio. It offers software driven on-board digital video and sensor systems for fitment to new build or retrofitted to existing rolling stock, and its applications include driver only operation, condition monitoring, saloon car closed circuit television (CCTV), drivers view cameras and automatic passenger counting systems.

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