The stock of Lowland Investment Company plc (LON:LWI) hit a new 52-week high and has GBX 3202.60 target or 139.00% above today’s GBX 1340.00 share price. The 5 months bullish chart indicates low risk for the GBX 368.79M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 3202.60 price target is reached, the company will be worth GBX 512.62 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 1.98% or GBX 27 on November 11, hitting GBX 1340. About 9,893 shares traded hands. Lowland Investment Company plc (LON:LWI) has risen 2.12% since April 14, 2016 and is uptrending. It has underperformed by 4.02% the S&P500.
Lowland Investment Company plc is a United Kingdom investment trust company. The company has a market cap of 368.79 million GBP. The Company’s investment objective is to give shareholders a higher than average return with growth of both capital and income over the medium to long term. It currently has negative earnings. The Company’s policy is to invest in the United Kingdom companies of differing sizes with normally not more than half by value coming from over 100 United Kingdom companies and the balance from small and medium sized companies.
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