The stock of Johnston Press plc (LON:JPR) gapped up by GBX 0.05 today and has GBX 14.07 target or 3.00% above today’s GBX 13.66 share price. The 5 months technical chart setup indicates low risk for the GBX 14.72 million company. The gap was reported on Nov, 30 by Barchart.com. If the GBX 14.07 price target is reached, the company will be worth GBX 441,600 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 decreased 6.58% or GBX 0.96 on November 30, hitting GBX 13.66. About 147,700 shares traded hands. Johnston Press plc (LON:JPR) has declined 66.46% since May 3, 2016 and is downtrending. It has underperformed by 71.69% 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. Panmure Gordon maintained it with “Buy” rating and GBX 230 target price in Tuesday, August 11 report. The rating was maintained by Peel Hunt with “Reduce” on Thursday, August 4. The rating was maintained by Peel Hunt with “Sell” on Wednesday, January 20. Panmure Gordon maintained it with “Buy” rating and GBX 230 target price in Wednesday, February 3 report. Peel Hunt maintained the shares of JPR in a report on Tuesday, October 27 with “Buy” rating. Panmure Gordon maintained it with “Buy” rating and GBX 60 target price in Wednesday, October 26 report. Peel Hunt maintained it with “Reduce” rating and GBX 23 target price in Monday, November 14 report. The rating was maintained by Liberum Capital with “Buy” on Thursday, August 4. Liberum Capital maintained Johnston Press plc (LON:JPR) rating on Thursday, February 18. Liberum Capital has “Buy” rating and GBX 120 price target. The stock of Johnston Press plc (LON:JPR) earned “Reduce” rating by Peel Hunt on Wednesday, May 18.
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 14.72 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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