The stock of Ground Rents Income Fund PLC (LON:GRIO) reached all time high today, Nov, 24 and still has GBX 142.36 target or 4.00% above today’s GBX 136.88 share price. This indicates more upside for the GBX 126.66M company. This technical setup was reported by Barchart.com. If the GBX 142.36 PT is reached, the company will be worth GBX 5.07 million 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 1.03% or GBX 1.4 on November 24, hitting GBX 136.88. About 57,032 shares traded hands or 2.96% up from the average. Ground Rents Income Fund PLC (LON:GRIO) has risen 27.21% since April 27, 2016 and is uptrending. It has outperformed by 21.80% the S&P500.
Ground Rents Income Fund plc is a closed-ended real estate investment trust (REIT). The company has a market cap of 126.66 million GBP. The Company, together with its subsidiaries, operates a property investment and rental business. It has a 8.5 P/E ratio. The Firm invests in a diversified portfolio of ground rents.
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