The stock of Apax Global Alpha Ltd (LON:APAX) hit a new 52-week high and has GBX 241.15 target or 67.00% above today’s GBX 144.40 share price. The 7 months bullish chart indicates low risk for the GBX 720.22M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 241.15 price target is reached, the company will be worth GBX 482.55 million 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 0.76% or GBX 1.1 on November 3, hitting GBX 144.4. About 203,878 shares traded hands or 49.47% up from the average. Apax Global Alpha Ltd (LON:APAX) has risen 1.58% since April 6, 2016 and is uptrending. It has outperformed by 0.37% the S&P500.
Another recent and important Apax Global Alpha Ltd (LON:APAX) news was published by Wsj.com which published an article titled: “Apax Executives to Sell Personal Holdings to Public” on June 09, 2015.
Apax Global Alpha Limited is a closed-ended investment company. The company has a market cap of 720.22 million GBP. The Company’s investment objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. It has a 19.93 P/E ratio. The Firm invests in private equity and derived investments.
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