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

by · The Cerbat Gem

Fidelity European Trust (LON:FEV – Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as GBX 435 and last traded at GBX 435, with a volume of 1162623 shares. The stock had previously closed at GBX 430.50.

Fidelity European Trust Price Performance

The firm has a market cap of £2.22 billion, a price-to-earnings ratio of 45.84 and a beta of 0.80. The company has a fifty day moving average price of GBX 420 and a two-hundred day moving average price of GBX 413.16.

About Fidelity European Trust

(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. 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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