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Home / Support and Resistance / Stobart Limited (STOB.L) 14-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Stobart Limited (STOB.L) 14-01-20

Will Stobart Limited (STOB.L) shares break below the 105p support, or return to highs of 178p (+70%)?

 

  • Currently close to the 105p support at 104.72p (at time of writing).
  • This has been identified for ostensibly strong support level. Traders should consider whetehr they think it will hold up again.
  • Will the price bounce again to recent highs at 178p? (+70%).
  • Technical traders should consider potential news and developments. Check our website and the press for updates in future.
  • Shares -42% from 12-month highs; +4% from 12 month lows.

Latest News

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 aviation, energy and civil engineering group, announced that it was trading in line with expectations, benefitting from a rise in airline passengers.

09 Sep:  Stobart announced that management at its energy division would share a bonus of £5.3m as part of an incentive plan.

22 Aug:   Stobart Group announced that it had undertaken a five-year partnership with Wizz Air, with three additional routes to fly from Southend Airport.

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, CEO, bought 23,000 shares in 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

 

Click to enlarge

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