The stock of Aberdeen Private Equity Fund Ltd (LON:APEF) hit a new 52-week high and has GBX 180.16 target or 59.00% above today’s GBX 113.31 share price. The 9 months bullish chart indicates low risk for the GBX 124.59 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the GBX 180.16 price target is reached, the company will be worth GBX 73.51 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 0.17% or GBX 0.19 on November 9, hitting GBX 113.31. About 74,691 shares traded hands or 68.33% up from the average. Aberdeen Private Equity Fund Ltd (LON:APEF) has declined 14.43% since April 12, 2016 and is downtrending. It has underperformed by 19.21% the S&P500.
More notable recent Aberdeen Private Equity Fund Ltd (LON:APEF) news were published by: Prnewswire.com which released: “Aberdeen Acquires Arden Asset Management, Growing Global Alternatives …” on January 04, 2016, also Institutionalinvestor.com with their article: “Aberdeen Asset Struggles to Ride Out the EM Turmoil” published on February 10, 2016, Pionline.com published: “Kentucky updates asset allocations for 5 pension funds, trims assumed rates of …” on December 10, 2015. More interesting news about Aberdeen Private Equity Fund Ltd (LON:APEF) were released by: Economictimes.Indiatimes.com and their article: “Asia can look forward to another tough year: Hugh Young, Aberdeen AMC” published on February 12, 2016 as well as Barrons.com‘s news article titled: “Aberdeen CEO Is Still Bullish on Emerging Markets” with publication date: January 09, 2016.
Aberdeen Private Equity Fund Limited is a closed-ended investment company. The company has a market cap of 124.59 million GBP. The Company’s investment objective is to maximize total returns to shareholders, principally through long-term capital gains. It has a 21.55 P/E ratio. The Firm aims to achieve its objective through investment in a diversified portfolio of private equity funds and direct co-investments.
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