Plejd AB (publ) (NGM:PLEJD) Looks Just Right With A 27% Price Jump
Despite an already strong run, Plejd AB (publ) (NGM:PLEJD) shares have been powering on, with a gain of 27% in the last thirty days. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Following the firm bounce in price, given close to half the companies in Sweden have price-to-earnings ratios (or “P/E’s”) below 21x, you may consider Plejd as a stock to avoid entirely with its 54.3x P/E ratio. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
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With earnings growth that’s superior to most other…
