The stock of Blancco Technology Group PLC (LON:BLTG) gapped up by GBX 3 today and has GBX 251.64 target or 8.00% above today’s GBX 233.00 share price. The 7 months technical chart setup indicates low risk for the GBX 134.00M company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 251.64 price target is reached, the company will be worth GBX 10.72 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 1.53% or GBX 3.5 on November 30, hitting GBX 233. About 88,222 shares traded hands or 70.37% up from the average. Blancco Technology Group PLC (LON:BLTG) has declined 1.29% since May 4, 2016 and is downtrending. It has underperformed by 6.52% the S&P500.
Blancco Technology Group PLC (LON:BLTG) Ratings Coverage
Out of 2 analysts covering (LON:BLTG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. has been the topic of 13 analyst reports since April 6, 2016 according to StockzIntelligence Inc. Peel Hunt maintained Blancco Technology Group PLC (LON:BLTG) on Friday, May 6 with “Buy” rating. The firm earned “Buy” rating on Wednesday, July 13 by Panmure Gordon. The company was maintained on Monday, April 18 by Panmure Gordon. The firm earned “Buy” rating on Thursday, November 10 by Peel Hunt. The rating was maintained by Peel Hunt on Monday, April 18 with “Buy”. The stock has “Buy” rating given by Panmure Gordon on Tuesday, September 20. The firm earned “Buy” rating on Thursday, September 1 by Peel Hunt. The stock has “Buy” rating given by Peel Hunt on Tuesday, November 29. Panmure Gordon maintained Blancco Technology Group PLC (LON:BLTG) on Tuesday, November 29 with “Buy” rating. On Wednesday, April 6 the stock rating was maintained by Peel Hunt with “Buy”.
Another recent and important Blancco Technology Group PLC (LON:BLTG) news was published by Uk.Finance.Yahoo.com which published an article titled: “Blancco Technology Group plc (RGS.L)” on March 30, 2014.
Blancco Technology Group Plc, formerly Regenersis Plc, is a well-known provider of mobile device diagnostics and secure data erasure solutions. The company has a market cap of 134.00 million GBP. The Company’s divisions include Erasure and Diagnostics. It currently has negative earnings. The Erasure segment focuses on development and delivery of solutions, and includes Blancco, which provides erasure software; SafeIT, which is engaged in cloud and networked data erasure business, and Tabernus, which is engaged in providing software erasure products.
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