The stock of Baring Emerging Europe plc (LON:BEE) hit a new 52-week high and has GBX 1562.89 target or 141.00% above today’s GBX 648.50 share price. The 9 months bullish chart indicates low risk for the GBX 103.93 million company. The 1-year high was reported on Oct, 28 by Barchart.com. If the GBX 1562.89 price target is reached, the company will be worth GBX 146.54M 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 0.23% or GBX 1.5 on October 28, hitting GBX 648.5. About 30,498 shares traded hands or 6.42% up from the average. Baring Emerging Europe plc (LON:BEE) has risen 7.41% since March 31, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.
More important recent Baring Emerging Europe plc (LON:BEE) news were published by: Pionline.com which released: “Emerging markets garnering fresh look” on July 25, 2016, also Bloomberg.com published article titled: “It’s Francs, Gold If U.K. Goes and Euros, Sterling If It Stays”, Wsj.com published: “Asian Markets Brace for Fresh ‘Brexit’ Buffeting” on June 26, 2016. More interesting news about Baring Emerging Europe plc (LON:BEE) was released by: Bloomberg.com and their article: “Korea Stocks Face Selloff Should China Get MSCI Boost This Month” with publication date: May 31, 2016.
Baring Emerging Europe PLC is a United Kingdom investment company. The company has a market cap of 103.93 million GBP. The Company’s investment objective is to achieve long-term capital growth, principally through investment in securities listed on or traded on an Emerging European securities market, or in securities of companies listed or traded elsewhere, whose revenues and/or profits are, or are expected to be, derived from activities in Emerging Europe. It has a 38.53 P/E ratio. The Company’s investment portfolio includes investments in various sectors, such as finance, energy, staples, financials, information technology and telecommunication services.
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