Time to Buy Brickworks Limited After Reaching 52-Week Low?

 Time to Buy Brickworks Limited After Reaching 52 Week Low?

The stock of Brickworks Limited (ASX:BKW) hit a new 52-week low and has $11.38 target or 9.00% below today’s $12.50 share price. The 7 months bearish chart indicates high risk for the $1.86B company. The 1-year low was reported on Nov, 30 by Barchart.com. If the $11.38 price target is reached, the company will be worth $167.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.03% or $0.39 on November 30, hitting $12.5. About 530,599 shares traded hands or 110.19% up from the average. Brickworks Limited (ASX:BKW) has declined 18.51% since May 4, 2016 and is downtrending. It has underperformed by 23.74% the S&P500.

More notable recent Brickworks Limited (ASX:BKW) news were published by: Fool.com.Au which released: “Brickworks Limited expects bumper earnings. Is it time to buy?” on June 09, 2016, also Fool.com.Au with their article: “Brickworks Limited and CSR Limited: Buy, hold, or sell?” published on November 10, 2014, Fool.com.Au published: “3 reasons to buy Brickworks Limited” on May 20, 2015. More interesting news about Brickworks Limited (ASX:BKW) were released by: Fool.com.Au and their article: “Should you buy Brickworks Limited for its rosy outlook?” published on September 24, 2015 as well as Fool.com.Au‘s news article titled: “Brickworks Limited shares surge to a 6-year high: Is it too late to buy?” with publication date: September 14, 2015.

Brickworks Limited is engaged in manufacturing a range of building products. The company has a market cap of $1.86 billion. The Firm is engaged in the development and investment activities. It has a 23.74 P/E ratio. The Company’s divisions include Building Products, Property divisions and Investments division.

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