Fidelity European Trust (LON:FEV) Sets New 52-Week High – Time to Buy?

Fidelity European Trust (LON:FEVGet Free Report)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 441.50 and last traded at GBX 439.37, with a volume of 713914 shares traded. The stock had previously closed at GBX 437.

Fidelity European Trust Price Performance

The stock has a market capitalization of £2.25 billion, a P/E ratio of 46.30 and a beta of 0.80. The company has a fifty day moving average of GBX 427.60 and a two-hundred day moving average of GBX 419.08.

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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