The stock of Polar Capital Global Fincls Trust PLC (LON:PCFT) hit a new 52-week high and has GBX 131.06 target or 7.00% above today’s GBX 122.49 share price. The 6 months bullish chart indicates low risk for the GBX 212.82 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 131.06 price target is reached, the company will be worth GBX 14.90 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 0.40% or GBX 0.49 on November 25, hitting GBX 122.49. About 134,286 shares traded hands. Polar Capital Global Fincls Trust PLC (LON:PCFT) has risen 12.13% since April 27, 2016 and is uptrending. It has outperformed by 6.72% the S&P500.
Another recent and important Polar Capital Global Fincls Trust PLC (LON:PCFT) news was published by Ft.com which published an article titled: “Korea’s chaebols are looking cheap” on May 30, 2013.
Polar Capital Global Financials Trust plc is an investment trust and investment management company. The company has a market cap of 212.82 million GBP. The Company’s investment objective is to generate for investors a growing dividend income together with capital appreciation. It currently has negative earnings. The Firm seeks to achieve its objective by investing in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors.
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