What Will Happen to JPMorgan Russian Securities Plc Next? The Stock Just Reaches 52-Week High

 What Will Happen to JPMorgan Russian Securities Plc Next? The Stock Just Reaches 52 Week High

The stock of JPMorgan Russian Securities Plc (LON:JRS) hit a new 52-week high and has GBX 497.55 target or 7.00% above today’s GBX 465.00 share price. The 7 months bullish chart indicates low risk for the GBX 245.62M company. The 1-year high was reported on Nov, 24 by Barchart.com. If the GBX 497.55 price target is reached, the company will be worth GBX 17.19 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 increased 1.50% or GBX 6.88 on November 24, hitting GBX 465. About 23,714 shares traded hands. JPMorgan Russian Securities Plc (LON:JRS) has risen 35.54% since March 24, 2016 and is uptrending. It has outperformed by 30.13% the S&P500.

Another recent and important JPMorgan Russian Securities Plc (LON:JRS) news was published by Wsj.com which published an article titled: “JP Morgan to Drop Russian Government Bonds From Two Indexes” on March 20, 2015.

JPMorgan Russian Securities plc is a United Kingdom investment trust. The company has a market cap of 245.62 million GBP. The Trust’s objective is to provide shareholders with capital growth from investment in a diversified portfolio of investments mainly in quoted Russian companies or other companies, which operate principally in Russia. It has a 54.64 P/E ratio. The number of investments in the portfolio will range between 20 and 50.

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