James Halstead Share Price Prediction June 2021- Time to Buy?
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James Halstead plc is a Manchester, United Kingdom-based industrial company which was founded back in 1914 to build products and equipment. This company is better known for manufacturing and distributing floor coverings commercially and for being listed on the London Stock Exchange under the ticker code of JHD. Its shares are also listed on LSE’s sub-market called AIM. As trading conditions around JHD grow to be solid, it could be an advantageous pick for investors at the moment.
Fundamental & Technical Analysis
This top-tier manufacturing entity does not only supply to the U.K. but European countries like Scandinavia as well. Its world-class roof covering products are known as Palettone, Camaro, Polysafe, etc. JHD has amassed a total market capitalisation of £1,049 million by June 16 with a dividend yield of 2.78%. According to its income statement, the manufacturing company observed a profit margin of 14.4% with a net profit of £24.33 million. A glance at its balance sheet for the past year reveals that JHD’s total assets stood at £153.29 million.
Moving on to the technical aspects of this share, several dependable technical indicators including both oscillators and momentum-based ones give a strong BUY signal. The RSI (56), MACD (12, 26), Momentum (13), EMA (503), and SMA (502) favour BUY action at the moment for JHD shares that closed at an individual price of £510 yesterday with an uptrend of 1.19%. If the current situation holds, then the market would continue to rise for a whole week and JHD would be in the BUY zone.
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Recent developments
At the end of March this year, James Halstead plc published interim results in which it was clarified that past year investors in JHD has made 46% profit. According to the company’s Chief Executive Mark Halstead, financial figures by the end of 2020 showed improvements in operating profit, revenue, pre-tax profit, basic earnings per ordinary share, etc. Since any diversified portfolio would require the addition of shares that possess the potential to do better than average, James Halstead seems like a considerable option.
Why should investors be interested in buying JHD Shares?
Though JHD shares seem to have been holding up pretty strong in the past few months there are many other reasons why one should consider including James Halstead plc. in their portfolio:
- The total shareholder return or TSR is a figure that represents the return generated by any particular share. The previous year, JHD’s TSR stayed above 50%.
- James Halstead’s recent gains look satisfying and better than they were 5 years ago which has been attracting industry big shots to buy JHD shares.
- Despite the uncertainty and hardships suffered by the company in the last year, its shares managed to jump more than 32% higher than they did in 3 years before.
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