Fidelity European Trust (LON:FEV) Hits New 12-Month High – What’s Next?

Shares of Fidelity European Trust (LON:FEVGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 442 and last traded at GBX 442, with a volume of 674524 shares traded. The stock had previously closed at GBX 441.

Fidelity European Trust Price Performance

The company has a 50-day simple moving average of GBX 425.37 and a 200-day simple moving average of GBX 416.73. The stock has a market cap of £2.19 billion, a PE ratio of 7.06 and a beta of 1.21. The company has a debt-to-equity ratio of 1.38, a current ratio of 37.14 and a quick ratio of 5.81.

Fidelity European Trust Company Profile

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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. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon.

Viewed as a whole, the European Union is the world’s second largest economy and home to some of the strongest, most stable and resilient companies.

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