The stock of HgCapital Trust plc (LON:HGT) hit a new 52-week high and has GBX 1951.56 target or 39.00% above today’s GBX 1404.00 share price. The 6 months bullish chart indicates low risk for the GBX 524.04M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 1951.56 price target is reached, the company will be worth GBX 204.38 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 1.15% or GBX 16 on September 13, hitting GBX 1404. About 42,034 shares traded hands or 17.29% up from the average. HgCapital Trust plc (LON:HGT) has risen 7.12% since February 15, 2016 and is uptrending. It has underperformed by 9.37% the S&P500.
HgCapital Trust plc is an investment trust company. The company has a market cap of 524.04 million GBP. The Trust’s investment objective is to provide shareholders with long-term capital appreciation in excess of the Financial Times and the London Stock Exchange All-Share Index by investing in unquoted companies. It has a 8.06 P/E ratio. It invests primarily in companies in sectors through leveraged buyouts and in renewable energy-generating projects across Europe.
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