The stock of Henderson Alternative Strategis Trst PLC (LON:HAST) hit a new 52-week high and has GBX 521.16 target or 102.00% above today’s GBX 258.00 share price. The 5 months bullish chart indicates low risk for the GBX 110.88 million company. The 1-year high was reported on Nov, 4 by Barchart.com. If the GBX 521.16 price target is reached, the company will be worth GBX 113.10M 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 0.49% or GBX 1.25 on November 4, hitting GBX 258. About 16,238 shares traded hands. Henderson Alternative Strategis Trst PLC (LON:HAST) has declined 1.77% since April 7, 2016 and is downtrending. It has underperformed by 2.86% the S&P500.
Henderson Alternative Strategies Trust plc, formerly Henderson Value Trust plc, is an investment company. The company has a market cap of 110.88 million GBP. The Firm provides global opportunities to provide long-term growth to shareholders. It currently has negative earnings. It provides opportunities through a diversified, international, multi-strategy portfolio, which offers access also to specialist funds, including hedge and private equity.
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