Record Plc Just Reaches 52-Week High?

 Record Plc Just Reaches 52 Week High?

The stock of Record Plc (LON:REC) hit a new 52-week high and has GBX 82.66 target or 176.00% above today’s GBX 29.95 share price. The 6 months bullish chart indicates low risk for the GBX 66.30 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the GBX 82.66 price target is reached, the company will be worth GBX 116.69 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 increased 4.17% or GBX 1.2 on November 3, hitting GBX 29.95. About 158,869 shares traded hands or 128.53% up from the average. Record Plc (LON:REC) has risen 14.35% since April 6, 2016 and is uptrending. It has outperformed by 13.14% the S&P500.

More notable recent Record Plc (LON:REC) news were published by: Bloomberg.com which released: “Shell’s Record BG Deal Starts to Pay Off as Production Surges” on November 02, 2016, also Bloomberg.com with their article: “U.K. Stocks Erase Drops, Rising for 2nd Day Amid Retailer Gains” published on October 19, 2016, Seekingalpha.com published: “Ensco: Record Operational Utilization And Debt Buyback” on October 27, 2016. More interesting news about Record Plc (LON:REC) were released by: Twst.com and their article: “Ingersoll-Rand plc: Ingersoll Rand Reports Record Third-Quarter Results” published on October 26, 2016 as well as Fool.Co.Uk‘s news article titled: “Is now the time to buy Moneysupermarket.Com Group plc ahead of a “record year”?” with publication date: November 01, 2016.

Record plc is a United Kingdom company, which is engaged in the provision of currency management services. The company has a market cap of 66.30 million GBP. The Company’s suite of products is divided in two categories: Currency Hedging and Currency for Return products. It has a 11.78 P/E ratio. It also offers solutions to individual client requirements.

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