The stock of Bankers Investment Trust PLC (LON:BNKR) hit a new 52-week high and has GBX 844.38 target or 25.00% above today’s GBX 675.50 share price. The 7 months bullish chart indicates low risk for the GBX 828.21M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the GBX 844.38 price target is reached, the company will be worth GBX 207.05M 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. About 60,239 shares traded hands. Bankers Investment Trust PLC (LON:BNKR) has risen 8.96% since April 18, 2016 and is uptrending. It has outperformed by 4.27% the S&P500.
The Bankers Investment Trust PLC is a United Kingdom investment trust. The company has a market cap of 828.21 million GBP. The Trust’s investment objective is to achieve long-term asset growth in excess of the financial times stock exchange All-Share Index and regular dividend growth in excess of the increase in the retail prices index. It currently has negative earnings. The Trust focuses on investing in a diversified international portfolio of shares.
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