What’s Next for ICG Longbow Snr Sec UK Prop Dt Inv Ltd After Reaching 52-Week High?

 What's Next for ICG Longbow Snr Sec UK Prop Dt Inv Ltd After Reaching 52 Week High?

The stock of ICG Longbow Snr Sec UK Prop Dt Inv Ltd (LON:LBOW) hit a new 52-week high and has GBX 234.77 target or 122.00% above today’s GBX 105.75 share price. The 8 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 234.77 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 increased 0.48% or GBX 0.5 on November 11, hitting GBX 105.75. About 166,914 shares traded hands or 132.56% up from the average. ICG Longbow Snr Sec UK Prop Dt Inv Ltd (LON:LBOW) has risen 6.63% since April 14, 2016 and is uptrending. It has outperformed by 0.48% the S&P500.

More important recent ICG Longbow Snr Sec UK Prop Dt Inv Ltd (LON:LBOW) news were published by: Reuters.com which released: “ICG-Longbow Senior Secured UK Property Debt Investments Ltd declares dividend” on September 24, 2015, also Reuters.com published article titled: “ICG-Longbow Senior Secured UK Property Debt Investments Ltd Declares interim dividend”, Reuters.com published: “ICG-Longbow Senior Secured UK Property Debt Investments Ltd declares dividend” on April 23, 2015. More interesting news about ICG Longbow Snr Sec UK Prop Dt Inv Ltd (LON:LBOW) was released by: Reuters.com and their article: “ICG-Longbow Senior Secured UK Property Debt Investments Ltd declares interim dividend” with publication date: December 15, 2014.

ICG-Longbow Senior Secured UK Property Debt Investments Limited is a closed-ended investment company. The company has a market cap of GBP. The Company’s investment objective is to construct a portfolio of quality, defensive, senior debt investments secured by first ranking fixed charges against the United Kingdom commercial property investments, providing target dividends of circa 6% per annum on the initial public offer issue price, paid quarterly, with an underlying target portfolio internal rate of return (IRR) of 8% per annum. It currently has negative earnings. It investment portfolio comprises over 10 loans.

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