The stock of Artemis Vct PLC (LON:AAM) hit a new 52-week high and has GBX 142.50 target or 90.00% above today’s GBX 75.00 share price. The 8 months bullish chart indicates low risk for the GBX 38.02M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the GBX 142.50 price target is reached, the company will be worth GBX 34.22M 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 7.91% or GBX 5.5 on November 21, hitting GBX 75. Artemis Vct PLC (LON:AAM) has declined 3.58% since April 22, 2016 and is downtrending. It has underperformed by 7.44% the S&P500.
Artemis VCT plc is a United Kingdom venture capital trust . The company has a market cap of 38.02 million GBP. The Firm buys and sells investments. It has a 4.85 P/E ratio. The Company’s objective is to achieve long-term capital and income growth, and to generate tax-free capital and income distributions.
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