The stock of Henderson European Focus Trust PLC (LON:HEFT) hit a new 52-week high and has GBX 2956.50 target or 170.00% above today’s GBX 1095.00 share price. The 8 months bullish chart indicates low risk for the GBX 225.58 million company. The 1-year high was reported on Oct, 28 by Barchart.com. If the GBX 2956.50 price target is reached, the company will be worth GBX 383.49M 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 decreased 0.18% or GBX 2 on October 28, hitting GBX 1095. About 9,746 shares traded hands. Henderson European Focus Trust PLC (LON:HEFT) has risen 7.86% since March 31, 2016 and is uptrending. It has outperformed by 3.14% the S&P500.
Henderson European Focus Trust plc is a United Kingdom investment company. The company has a market cap of 225.58 million GBP. The Company’s investment objective is to maximize the total return from a focused portfolio of listed Continental European stocks. It currently has negative earnings. The Company’s portfolio contains around 50 to 60 holdings at any one time.
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