What’s Next for Temple Bar Investment Trust PLC After Reaching 52-Week High?

 What's Next for Temple Bar Investment Trust PLC After Reaching 52 Week High?

The stock of Temple Bar Investment Trust PLC (LON:TMPL) hit a new 52-week high and has GBX 1707.92 target or 48.00% above today’s GBX 1154.00 share price. The 7 months bullish chart indicates low risk for the GBX 788.74M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 1707.92 price target is reached, the company will be worth GBX 378.60M 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 0.35% or GBX 4 on November 11, hitting GBX 1154. About 71,707 shares traded hands. Temple Bar Investment Trust PLC (LON:TMPL) has risen 1.12% since April 14, 2016 and is uptrending. It has underperformed by 5.03% the S&P500.

Temple Bar Investment Trust PLC is a United Kingdom company, which is engaged in the investment business. The company has a market cap of 788.74 million GBP. The Company’s investment objective is to provide growth in income and capital to achieve a long-term total return greater than the benchmark Financial Times and the London Stock Exchange All-Share Index, through investment primarily in the United Kingdom securities. It currently has negative earnings. The Firm invests in a spread of securities with the portfolio selected from the constituents of the FTSE 100 Index.

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