The stock of Pacific Horizon Investment Trust PLC (LON:PHI) reached all time high today, Oct, 28 and still has GBX 619.01 target or 159.00% above today’s GBX 239.00 share price. This indicates more upside for the GBX 136.62 million company. This technical setup was reported by Barchart.com. If the GBX 619.01 PT is reached, the company will be worth GBX 217.23M 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 0.84% or GBX 2 on October 28, hitting GBX 239. About 36,790 shares traded hands or 32.92% up from the average. Pacific Horizon Investment Trust PLC (LON:PHI) has risen 20.69% since March 31, 2016 and is uptrending. It has outperformed by 15.98% the S&P500.
Another recent and important Pacific Horizon Investment Trust PLC (LON:PHI) news was published by Reuters.com which published an article titled: “US RESEARCH ROUNDUP-Aflac, St. Jude Medical, Gap” on May 10, 2016.
Pacific Horizon Investment Trust PLC is an investment company. The company has a market cap of 136.62 million GBP. The Company’s objective is to invest in the Asia-Pacific region and in the Indian sub-continent in order to achieve capital growth. It has a 9.44 P/E ratio. The Firm also invests in companies based in the region and in investment funds specializing in the region or particular countries or sectors within it.
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