The stock of Picton Property Income Ltd (LON:PCTN) hit a new 52-week high and has GBX 178.61 target or 143.00% above today’s GBX 73.50 share price. The 5 months bullish chart indicates low risk for the GBX 409.34M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 178.61 price target is reached, the company will be worth GBX 585.36 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 decreased 1.01% or GBX 0.75 on November 16, hitting GBX 73.5. About 963,331 shares traded hands or 8.86% up from the average. Picton Property Income Ltd (LON:PCTN) has declined 0.70% since April 19, 2016 and is downtrending. It has underperformed by 5.38% the S&P500.
Picton Property Income Limited is an internally managed investment company. The company has a market cap of 409.34 million GBP. The Firm invests in a diversified commercial property portfolio located across the United Kingdom. It has a 8.17 P/E ratio. The Company’s property portfolio includes approximately 60 commercial properties, which are in the industrial, office, retail, retail warehouse and leisure sectors.
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