The stock of Seneca Global Income & Growth Trust PLC (LON:SIGT) hit a new 52-week high and has GBX 231.64 target or 45.00% above today’s GBX 159.75 share price. The 8 months bullish chart indicates low risk for the GBX 63.62 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 231.64 price target is reached, the company will be worth GBX 28.63 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 increased 0.16% or GBX 0.25 on November 15, hitting GBX 159.75. About 9,188 shares traded hands. Seneca Global Income & Growth Trust PLC (LON:SIGT) has risen 8.39% since April 18, 2016 and is uptrending. It has outperformed by 4.46% the S&P500.
Another recent and important Seneca Global Income & Growth Trust PLC (LON:SIGT) news was published by Ft.com which published an article titled: “Boardroom trades, September 19” on September 18, 2015.
Seneca Global Income & Growth Trust plc, formerly Midas Income & Growth Trust, is an investment trust investing in a diversified portfolio principally comprising the United Kingdom and overseas equities, fixed income, property and other specialist assets. The company has a market cap of 63.62 million GBP. The Company’s objective is to outperform three-month LIBOR plus 3% over the longer term, with low volatility and the prospect of income and capital growth, through investment in a multi-asset portfolio. It has a 167.28 P/E ratio. The Firm seeks to take advantage of a range of investment opportunities and reduce the risk profile of the Company’s portfolio.
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