The stock of Electra Private Equity Plc (LON:ELTA) hit a new 52-week high and has GBX 5756.54 target or 44.00% above today’s GBX 3997.60 share price. The 6 months bullish chart indicates low risk for the GBX 1.61B company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 5756.54 price target is reached, the company will be worth GBX 708.40 million 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 0.37% or GBX 14.6 on September 13, hitting GBX 3997.6. About 35,465 shares traded hands. Electra Private Equity Plc (LON:ELTA) has risen 3.34% since February 15, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.
Out of 2 analysts covering Electra Private Equity Plc (LON:ELTA), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Electra Private Equity Plc has been the topic of 2 analyst reports since May 25, 2016 according to StockzIntelligence Inc. Jefferies maintained the stock on May 25 with “Hold” rating.
Electra Private Equity PLC is a private equity investment trust. The company has a market cap of 1.61 billion GBP. The Company’s objective is to achieve a return on equity of between 10% and 15% yearly over the long term by investing in a portfolio of private equity assets. It has a 4.19 P/E ratio. The Company’s investment portfolio consists of direct unlisted investments, secondaries, listed securities and funds.
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