The stock of Jpmorgan Global Growth & Income PLC (LON:JPGI) hit a new 52-week high and has GBX 283.02 target or 7.00% above today’s GBX 264.50 share price. The 6 months bullish chart indicates low risk for the GBX 332.10M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 283.02 price target is reached, the company will be worth GBX 23.25 million 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 0.19% or GBX 0.5 on November 24, hitting GBX 264.5. About 57,760 shares traded hands. Jpmorgan Global Growth & Income PLC (LON:JPGI) has risen 16.43% since April 26, 2016 and is uptrending. It has outperformed by 11.02% the S&P500.
Another recent and important Jpmorgan Global Growth & Income PLC (LON:JPGI) news was published by Seekingalpha.com which published an article titled: “Emerging Markets Bonds Strength Tested By U.S. Election” on November 22, 2016.
JPMorgan Global Growth & Income plc, formerly JPMorgan Overseas Investment Trust plc, is an investment trust company. The company has a market cap of 332.10 million GBP. The Company’s objective is to provide a diversified portfolio of approximately 50 to 90 stocks, in which the investment manager has a high degree of conviction. It has a 16.33 P/E ratio. The Firm seeks to achieve capital growth from world stock markets and to achieve the objective by holding a diversified portfolio of investments.
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