The stock of F&C Commercial Property Trust Limited (LON:FCPT) hit a new 52-week high and has GBX 143.64 target or 5.00% above today’s GBX 136.80 share price. The 7 months bullish chart indicates low risk for the GBX 1.10 billion company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 143.64 price target is reached, the company will be worth GBX 55.00M 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 1.16% or GBX 1.6 on November 24, hitting GBX 136.8. About 675,379 shares traded hands. F&C Commercial Property Trust Limited (LON:FCPT) has risen 2.66% since April 27, 2016 and is uptrending. It has underperformed by 2.75% the S&P500.
More important recent F&C Commercial Property Trust Limited (LON:FCPT) news were published by: Businessinsider.com which released: “Ex-divs to take 18.4 points off FTSE 100 on Nov 10” on November 07, 2016, also Reuters.com published article titled: “Four firms cut value of UK property funds, Aberdeen fund extends suspensio…”, Reuters.com published: “Ex-divs to take 37 points off FTSE 100 on Aug. 11” on August 09, 2016. More interesting news about F&C Commercial Property Trust Limited (LON:FCPT) was released by: Reuters.com and their article: “Ex-divs to take 0.8 points off FTSE 100 on Oct. 13” with publication date: October 10, 2016.
F&C Commercial Property Trust Limited is a closed-ended investment company. The company has a market cap of 1.10 billion GBP. The investment objective of the Company is to provide ordinary shareholders with an attractive level of income together with the potential for capital and income growth from investing in the United Kingdom commercial property portfolio. It has a 12.37 P/E ratio. The Firm invests in properties, which the Board, on the advice of the Managers, believes will generate a combination of long-term growth in capital and income for shareholders.
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