The stock of Leeds Building Society (LON:LBS) hit a new 52-week high and has GBX 437.34 target or 122.00% above today’s GBX 197.00 share price. The 5 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 9 by Barchart.com. If the GBX 437.34 price target is reached, the company will be worth GBX 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 closed at GBX 197 during the last session. It is down 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
Leeds Building Society is a United Kingdom building society. The company has a market cap of GBP. The Firm is engaged in the provision of savings products, mortgages and general insurance. It currently has negative earnings. The Company’s divisions are Core activities, Commercial lending and Euro lending.
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