What’s Next for Record Plc After Reaching 52-Week High?

 What's Next for Record Plc After Reaching 52 Week High?

The stock of Record Plc (LON:REC) hit a new 52-week high and has GBX 34.61 target or 3.00% above today’s GBX 33.60 share price. The 7 months bullish chart indicates low risk for the GBX 71.50M company. The 1-year high was reported on Nov, 30 by Barchart.com. If the GBX 34.61 price target is reached, the company will be worth GBX 2.15M 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 1.05% or GBX 0.35 on November 30, hitting GBX 33.6. About 128,767 shares traded hands. Record Plc (LON:REC) has risen 29.13% since May 3, 2016 and is uptrending. It has outperformed by 23.90% the S&P500.

Another recent and important Record Plc (LON:REC) news was published by Fool.Co.Uk which published an article titled: “Record plc could be set for big dividend payments” on November 17, 2016.

Record plc is a United Kingdom company, which is engaged in the provision of currency management services. The company has a market cap of 71.50 million GBP. The Company’s suite of products is divided in two categories: Currency Hedging and Currency for Return products. It has a 13.37 P/E ratio. It also offers solutions to individual client requirements.

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