The stock of British Empire Trust PLC (LON:BTEM) reached all time high today, Oct, 28 and still has GBX 764.64 target or 20.00% above today’s GBX 637.20 share price. This indicates more upside for the GBX 796.73M company. This technical setup was reported by Barchart.com. If the GBX 764.64 PT is reached, the company will be worth GBX 159.35 million 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 0.11% or GBX 0.7 on October 28, hitting GBX 637.2. About 149,210 shares traded hands. British Empire Trust PLC (LON:BTEM) has risen 30.36% since March 30, 2016 and is uptrending. It has outperformed by 25.65% the S&P500.
British Empire Trust p.l.c. , formerly British Empire Securities and General Trust plc, is a United Kingdom closed-end investment trust. The company has a market cap of 796.73 million GBP. The Company’s investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value. It currently has negative earnings. It continues to seek and find investment opportunities with real value and prospects for medium to long term capital appreciation.
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