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Palace Capital PLC 25.8% Potential Upside Indicated by Numis

Palace Capital PLC using EPIC/TICKER code (LON:PCA) had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ this morning by analysts at Numis. Palace Capital PLC are listed in the Financials sector within AIM. Numis have set a target price of 350 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 25.8% from the opening price of 278.25 GBX. Over the last 30 and 90 trading days the company share price has decreased 3.75 points and decreased 20.4 points respectively. The 52 week high share price is 366 GBX while the 52 week low for the stock is 267.72 GBX.

Palace Capital PLC has a 50 day moving average of 288.46 GBX and the 200 Day Moving Average price is recorded at 303.77. There are currently 45,883,249 shares in issue with the average daily volume traded being 25,362. Market capitalisation for LON:PCA is £126,368,236 GBP.