The stock of Jupiter US Smaller Companies PLC (LON:JUS) hit a new 52-week high and has GBX 882.22 target or 7.00% above today’s GBX 824.50 share price. The 7 months bullish chart indicates low risk for the GBX 170.20 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 882.22 price target is reached, the company will be worth GBX 11.91M 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 0.06% or GBX 0.5 on November 25, hitting GBX 824.5. About 14,631 shares traded hands. Jupiter US Smaller Companies PLC (LON:JUS) has risen 9.21% since April 27, 2016 and is uptrending. It has outperformed by 3.80% the S&P500.
Jupiter US Smaller Companies PLC is a United Kingdom investment trust. The company has a market cap of 170.20 million GBP. The Company’s investment objective is to achieve long-term capital growth by investing in a diversified portfolio of quoted United States smaller and medium-sized companies. It has a 15.28 P/E ratio. The Investment Adviser, Jupiter Asset Management Limited, takes a risk-averse approach to investment, emphasizing capital preservation.
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