The stock of M & G High Income Investment Trust PLC (LON:MGHZ) hit a new 52-week high and has GBX 175.71 target or 46.00% above today’s GBX 120.35 share price. The 9 months bullish chart indicates low risk for the GBX 1.52 billion company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 175.71 price target is reached, the company will be worth GBX 699.20M 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 0.43% or GBX 0.53 on November 15, hitting GBX 120.35. About 10,000 shares traded hands. M & G High Income Investment Trust PLC (LON:MGHZ) has risen 6.94% since April 18, 2016 and is uptrending. It has outperformed by 3.01% the S&P500.
Another recent and important M & G High Income Investment Trust PLC (LON:MGHZ) news was published by Globenewswire.com which published an article titled: “M&G High Income Investment Trust PLC : Reconstruction Proposals” on November 10, 2016.
M&G High Income Investment Trust P.L.C. is an investment management company. The company has a market cap of 1.52 billion GBP. The Company’s investment objective is to achieve an above average and increasing income over an approximately 20-year life of the Company while at the same time seeking to achieve capital growth. It currently has negative earnings. The Firm is a split capital investment trust firm with three classes of share: zero dividend preference shares, income shares and capital shares.
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