Israeli stock alert

ISRAEL

CLOSING UPDATE: Perrigo Company increases 0.6% - outperforming 87% of stocks 17 October 2017 18:12 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Israel market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Perrigo Company, Israel's 3rd largest chemical, rubber & plastic company by market capitalisation, has increased NIS1.80 (or 0.6%) today to trade at NIS305.50 and has outperformed 87% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal. Compared with the TA-25 Index which fell 1.4 points (or 0.1%) in the day, this represented a relative price increase of 0.7%.

Technical indicators complementing today's significant uptrend:

+ The positive 4.85 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Equity 1.2% [0.7%]

+ Return on Assets 0.5% [0.2%]

+ Return on Capital Employed 0.8% [0.6%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 1.2%.

Note

Perrigo Company today is at a discount of 13.2% to the 12-month high of NIS352.0 on 15 Nov, 2016. It is at a premium of 33.2% to the 12-month low of NIS229.30 on 09 Aug, 2017.

Bearish Signals:

In the last three months the stock has hit a new 52-week low once.

The price decreased 0.9% in the last month.

TODAY'S ALERTS

Afternoon Alert: Perrigo Company increases 0.7%

17 October 2017 14:10 IDT

Perrigo Company PLC (TASE:PRGO) traded on volume of 1.0 times average so far today while the price increased NIS2.10 (or 0.7%) to trade at NIS305.80.

Afternoon Alert: Perrigo Company increases 0.7%

17 October 2017 12:11 IDT

Perrigo Company PLC (TASE:PRGO) traded on volume of 0.6 times average so far today while the price increased NIS2.20 (or 0.7%) to trade at NIS305.90.

RECENT ALERTS

CLOSING UPDATE: Perrigo Company decreases further 0.8% on strong volume

16 October 2017 18:12 IDT

Perrigo Company, Israel's 3rd largest chemical, rubber & plastic company by market capitalisation, traded on heavy volume of 2.6 times average today while the price decreased NIS3.30 (or 1.1%) to trade at NIS303.70. Compared with the TA-25 Index which fell 0.2 points (or 0.01%) in the day, this represented a relative price change of -1.1%.

Afternoon Alert: Perrigo Company decreases 0.2% on firm volume

16 October 2017 14:11 IDT

Perrigo Company PLC (TASE:PRGO) traded on heavy volume of 1.3 times average so far today while the price decreased 70.0 agorot (or 0.2%) to trade at NIS306.30.

Perrigo Company PLC (TV:PRGO; TLV:PRGO; TA:PRGO; TA:PRGO; IT:PRGO)

ISIN: IE00BGH1M568

PermID: 5040203322

Source: www.BuySellSignals.com