The stock of Polar Capital Global Fincls Trust PLC (LON:PCFT) hit a new 52-week high and has GBX 247.03 target or 105.00% above today’s GBX 120.50 share price. The 8 months bullish chart indicates low risk for the GBX 208.79 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 247.03 price target is reached, the company will be worth GBX 219.23M 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 0.84% or GBX 1 on November 15, hitting GBX 120.5. About 246,473 shares traded hands or 3.57% up from the average. Polar Capital Global Fincls Trust PLC (LON:PCFT) has risen 11.49% since April 18, 2016 and is uptrending. It has outperformed by 7.57% the S&P500.
Polar Capital Global Financials Trust plc is an investment trust and investment management company. The company has a market cap of 208.79 million GBP. The Company’s investment objective is to generate for investors a growing dividend income together with capital appreciation. It currently has negative earnings. The Firm seeks to achieve its objective by investing in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors.
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