The stock of Seneca Global Income & Growth Trust PLC (LON:SIGT) reached all time high today, Nov, 24 and still has GBX 165.76 target or 4.00% above today’s GBX 159.38 share price. This indicates more upside for the GBX 63.53 million company. This technical setup was reported by Barchart.com. If the GBX 165.76 PT is reached, the company will be worth GBX 2.54M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.88% or GBX 1.4 on November 24, hitting GBX 159.38. About 17,394 shares traded hands. Seneca Global Income & Growth Trust PLC (LON:SIGT) has risen 8.21% since April 27, 2016 and is uptrending. It has outperformed by 2.80% the S&P500.
Seneca Global Income & Growth Trust plc, formerly Midas Income & Growth Trust, is an investment trust investing in a diversified portfolio principally comprising the United Kingdom and overseas equities, fixed income, property and other specialist assets. The company has a market cap of 63.53 million GBP. The Company’s objective is to outperform three-month LIBOR plus 3% over the longer term, with low volatility and the prospect of income and capital growth, through investment in a multi-asset portfolio. It has a 166.88 P/E ratio. The Firm seeks to take advantage of a range of investment opportunities and reduce the risk profile of the Company’s portfolio.
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