The share price of Creightons (LON:CRL) looks primed for a sharp rise. Consistent high growth over a number of years has seen the share price of consumer goods manufacturer Creightons PLC rise from barely 2p in 2012, to a high of 71.40p during 2020.

Creightons has been able to take advantage of the high demand for sanitisers and the like throughout the COVID pandemic, scooping up government contracts and increasing sales of its products both in the UK and abroad. High growth during 2020 was reflected in the company's half year report (Dec. 2020), revealing that revenue had increased some 36.3% and pre-tax profits by 63.8%, whilst it saw internet sales increase by an astonishing 180%.

With a half year diluted EPS of 3.31p (2019: 2.06p) and high growth expected to continue, shares of Creightons PLC are looking cheap. Those interested in technical analysis might note both long and short-term bullish patterns developing in £CRL's chart. It bears some resemblance to that of recent market favourite Sylvania Platinum (LON:SLP) over the longer-term, with a meteoric rise in share price since breaking out beyond its debut price of around 50p at the lip of the 'bowl' chart pattern. See Sylvania Platinum (LON:SLP) top and Creightons (LON:CRL) below:

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It was during May 2020 that Creightons (LON:CRL) reached a yearly high of 71.40p. Given the strength of its half year results, 2021 may be the year that Creightons stock reaches beyond the critical price of 80p and far beyond.

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