The stock of Standard Life European Private Equity (LON:SEP) reached all time high today, Oct, 28 and still has GBX 560.34 target or 98.00% above today’s GBX 283.00 share price. This indicates more upside for the GBX 435.10M company. This technical setup was reported by Barchart.com. If the GBX 560.34 PT is reached, the company will be worth GBX 426.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.54% or GBX 7 on October 28, hitting GBX 283. About 34,684 shares traded hands. Standard Life European Private Equity (LON:SEP) has declined 10.09% since March 31, 2016 and is downtrending. It has underperformed by 14.80% the S&P500.
Standard Life European Private Equity Trust PLC is an investment trust. The company has a market cap of 435.10 million GBP. The Company’s investment objective is to achieve long-term capital gains through holding a diversified portfolio of private equity funds investing in Europe. It has a 6.2 P/E ratio. It focuses on investing in the European private equity funds investing in mid to large sized buyouts, which can be categorized as transactions with enterprise values ranging between approximately 100 million and 2 billion euros.
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