The stock of New Star Investment Trust plc (LON:NSI) hit a new 52-week high and has GBX 286.97 target or 186.00% above today’s GBX 100.34 share price. The 5 months bullish chart indicates low risk for the GBX 69.60 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 286.97 price target is reached, the company will be worth GBX 129.46 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 2.39% or GBX 2.34 on November 15, hitting GBX 100.34. New Star Investment Trust plc (LON:NSI) has declined 18.62% since April 18, 2016 and is downtrending. It has underperformed by 22.55% the S&P500.
New Star Investment Trust PLC is a United Kingdom investment company. The company has a market cap of 69.60 million GBP. The Company’s investment objective is to achieve long-term capital growth. It has a 7.4 P/E ratio. The Firm is a small registered Alternative Investment Fund Manager under the European Union Directive.
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