The stock of KCOM Group PLC (LON:KCOM) gapped down by GBX 0.25 today and has GBX 96.82 target or 6.00% below today’s GBX 103.00 share price. The 9 months technical chart setup indicates high risk for the GBX 532.10 million company. The gap down was reported on Nov, 30 by Barchart.com. If the GBX 96.82 price target is reached, the company will be worth GBX 31.93 million 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%. The stock decreased 3.51% or GBX 3.75 on November 30, hitting GBX 103. About 1.58 million shares traded hands or 56.44% up from the average. KCOM Group PLC (LON:KCOM) has 0.00% since May 4, 2016 and is . It has underperformed by 5.23% the S&P500.
KCOM Group PLC (LON:KCOM) Ratings Coverage
Out of 4 analysts covering KCOM Group PLC (LON:KCOM), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. KCOM Group PLC has been the topic of 17 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Peel Hunt given on Thursday, November 10. The stock of KCOM Group PLC (LON:KCOM) has “Buy” rating given on Tuesday, November 29 by Peel Hunt. The firm has “Corporate” rating by FinnCap given on Wednesday, May 4. FinnCap maintained KCOM Group PLC (LON:KCOM) rating on Monday, November 21. FinnCap has “Corporate” rating and GBX 130 price target. The firm earned “Overweight” rating on Monday, November 30 by Barclays Capital. The rating was maintained by FinnCap on Friday, May 27 with “Corporate”. The firm earned “Buy” rating on Wednesday, July 22 by Espirito Santo Execution. The firm earned “Corporate” rating on Wednesday, February 3 by FinnCap. Barclays Capital downgraded the stock to “Equal Weight” rating in Tuesday, June 14 report. Barclays Capital maintained KCOM Group PLC (LON:KCOM) on Tuesday, January 26 with “Overweight” rating.
More important recent KCOM Group PLC (LON:KCOM) news were published by: Fool.Co.Uk which released: “Are KCom Group plc, Genel Energy plc and Watchstone Group plc a buy after …” on May 27, 2016, also Fool.Co.Uk published article titled: “Why Carillion plc, KCOM Group plc and N Brown Group plc are my 3 FTSE 250 mid …”, Fool.Co.Uk published: “Could KCOM Group PLC Be A Better Investment Than BT Group plc?” on December 03, 2015. More interesting news about KCOM Group PLC (LON:KCOM) was released by: Fool.Co.Uk and their article: “Could Vodafone Group plc, KCOM Group PLC And BT Group plc Jump Start Your …” with publication date: December 17, 2015.
KCOM Group PLC is engaged in providing information technology and communications services. The company has a market cap of 532.10 million GBP. The Company’s divisions include Hull and East Yorkshire, SMB National, Enterprise and Shared. It has a 7.47 P/E ratio. The Hull and East Yorkshire segment is engaged in providing communication services for clients and small local businesses within Hull and East Yorkshire.
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