The stock of F&C Private Equity Trust PLC (LON:FPEO) hit a new 52-week high and has GBX 589.36 target or 112.00% above today’s GBX 278.00 share price. The 7 months bullish chart indicates low risk for the GBX 205.56M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 589.36 price target is reached, the company will be worth GBX 230.23M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.54% or GBX 1.5 on September 13, hitting GBX 278. About 151,349 shares traded hands or 152.45% up from the average. F&C Private Equity Trust PLC (LON:FPEO) has declined 6.86% since February 15, 2016 and is downtrending. It has underperformed by 23.34% the S&P500.
F&C Private Equity Trust plc is an investment trust. The company has a market cap of 205.56 million GBP. The Company’s objective is to achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Company’s revenue and realized capital profits. It has a 10.38 P/E ratio. The Firm makes private equity investments by taking stakes in private equity focused limited partnerships, offshore funds, investment companies and investment trusts.
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