The stock of Electra Private Equity Plc (LON:ELTA) hit a new 52-week high and has GBX 6392.10 target or 43.00% above today’s GBX 4470.00 share price. The 8 months bullish chart indicates low risk for the GBX 1.80B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the GBX 6392.10 price target is reached, the company will be worth GBX 774.00M 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 0.07% or GBX 3 on November 9, hitting GBX 4470. About 29,908 shares traded hands or 1.92% up from the average. Electra Private Equity Plc (LON:ELTA) has risen 14.45% since April 12, 2016 and is uptrending. It has outperformed by 9.67% the S&P500.
Electra Private Equity Plc (LON:ELTA) Ratings Coverage
Out of 2 analysts covering Electra Private Equity Plc (LON:ELTA), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Electra Private Equity Plc has been the topic of 4 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, August 17 by Jefferies. On Wednesday, May 25 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Hold” rating on Friday, September 4 by Jefferies.
More notable recent Electra Private Equity Plc (LON:ELTA) news were published by: Uk.Finance.Yahoo.com which released: “PEG Ratio (5 yr expected):” on March 29, 2014, also Reuters.com with their article: “BRIEF-Electra Private Equity to draw 36 mln stg from Premier Asset Managem…” published on October 04, 2016, Pehub.com published: “Patron Capital and Electra Private Equity to acquire Grainger’s equity release …” on January 04, 2016. More interesting news about Electra Private Equity Plc (LON:ELTA) were released by: Rttnews.com and their article: “Electra Private Equity names Gavin Manson CFO” published on July 22, 2016 as well as Bloomberg.com‘s news article titled: “Terra Firma Said to Have Held Talks on Electra Fund Tie-Up” with publication date: November 03, 2016.
Electra Private Equity PLC is a private equity investment trust. The company has a market cap of 1.80 billion GBP. The Company’s objective is to achieve a return on equity of between 10% and 15% yearly over the long term by investing in a portfolio of private equity assets. It has a 4.69 P/E ratio. The Company’s investment portfolio consists of direct unlisted investments, secondaries, listed securities and funds.
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