The stock of Caledonia Investments plc (LON:CLDN) hit a new 52-week high and has GBX 2707.56 target or 8.00% above today’s GBX 2507.00 share price. The 8 months bullish chart indicates low risk for the GBX 1.39B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 2707.56 price target is reached, the company will be worth GBX 111.20M 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 0.79% or GBX 20 on November 22, hitting GBX 2507. About 12,519 shares traded hands. Caledonia Investments plc (LON:CLDN) has declined 12.99% since April 25, 2016 and is downtrending. It has underperformed by 17.55% the S&P500.
More news for Caledonia Investments plc (LON:CLDN) were recently published by: Reuters.com, which released: “Caledonia Investments to pay $480000 to settle US antitrust charges” on August 10, 2016. Law360.com‘s article titled: “HSR Annual Report: Filings Up, 2nd Requests Down” and published on September 01, 2016 is yet another important article.
Caledonia Investments plc is a self-managed investment trust company. The company has a market cap of 1.39 billion GBP. The Firm aims to deliver long-term growth to both shareholder capital and income by investing in a balanced, risk managed range of asset classes, across diversified sectors and regions. It has a 36.88 P/E ratio. The Firm focuses on established businesses, where return on capital employed is a differentiator of longer term performance.
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