Could JPMorgan Russian Securities Plc Lose its Strength? The Stock Reaches 52-Week High

 Could JPMorgan Russian Securities Plc Lose its Strength? The Stock Reaches 52 Week High

The stock of JPMorgan Russian Securities Plc (LON:JRS) hit a new 52-week high and has GBX 887.25 target or 95.00% above today’s GBX 455.00 share price. The 8 months bullish chart indicates low risk for the GBX 252.40M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 887.25 price target is reached, the company will be worth GBX 239.78M 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 1.09% or GBX 5 on November 11, hitting GBX 455. About 43,655 shares traded hands. JPMorgan Russian Securities Plc (LON:JRS) has risen 13.52% since March 25, 2016 and is uptrending. It has outperformed by 7.37% the S&P500.

JPMorgan Russian Securities plc is a United Kingdom investment trust. The company has a market cap of 252.40 million GBP. The Trust’s objective is to provide shareholders with capital growth from investment in a diversified portfolio of investments mainly in quoted Russian companies or other companies, which operate principally in Russia. It has a 53.46 P/E ratio. The number of investments in the portfolio will range between 20 and 50.

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