Stobart Limited (STOB.L) 11-03-20
Shares in Stobart Limited (STOB.L) have fallen dramatically from recent highs of 182.2p. Will it continue, or is this an opportunity to pick up a bargain?
- This stock is one of the more significant fallers in the period.
- Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
- Is the trend your friend, or is a bounce imminent?
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Now trading at 57.04p (at time of writing). A return to previous highs would represent a rise of 219%.
- Shares -68% from 12-month highs; +-2% from 12 month lows.
27 Nov: HSBC reiterates its hold rating on Stobart Group Ltd (STOB) and increased the target price to 129p (from 124p).
14 Nov: Jefferies International reiterates its buy rating on Stobart Group Ltd (STOB) and reduced the target price to 168p (from 174p).
25 Sep: Stobart, the London Southend Airport owner, announced that trading remains in-line with expectations, driven by an increase in airline travellers.
09 Sep: Stobart announced that its energy division’s managers would share a windfall of £5.3m after the vesting of an incentive scheme.
06 Jun: Jefferies International today initiates coverage of Stobart Group Ltd (STOB) with a buy rating and target price of 174p.
05 Jun: Warwick Brady, Chief Executive Officer, bought 23,000 shares within the firm on the 4th June 2019 at a price of 103.45p. This Director currently has 229,705 shares.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires