Fidelity European Trust (LON:FEV) Reaches New 12-Month High – Should You Buy?

Fidelity European Trust (LON:FEVGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as GBX 418.70 ($5.62) and last traded at GBX 417.81 ($5.61), with a volume of 2219188 shares trading hands. The stock had previously closed at GBX 417.50 ($5.61).

Fidelity European Trust Stock Performance

The firm has a fifty day moving average price of GBX 404.46 and a two-hundred day moving average price of GBX 398.62. The stock has a market capitalization of £2.16 billion, a P/E ratio of 4,413.23 and a beta of 0.80.

Fidelity European Trust (LON:FEVGet Free Report) last released its quarterly earnings results on Friday, September 5th. The company reported GBX 8.84 earnings per share for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. On average, research analysts anticipate that Fidelity European Trust will post 62.9906542 earnings per share for the current fiscal year.

Fidelity European Trust Company Profile

(Get Free Report)

Fidelity European Trust PLC aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

The Trust invests predominantly in continental European equities (and their related securities) and up to 20% of gross assets may be invested in companies outside of the continent.

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