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Home / Stocks and Markets at Lows / Stobart Limited (STOB.L) 11-03-20

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

Stobart Limited (STOB.L) 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.

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 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

 

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