Fidelity European Trust (LON:FEV) Sets New 12-Month High – Here’s Why

Fidelity European Trust (LON:FEVGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 428 ($5.72) and last traded at GBX 426.50 ($5.70), with a volume of 509003 shares traded. The stock had previously closed at GBX 426 ($5.70).

Fidelity European Trust Stock Performance

The stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 44.90 and a beta of 0.80. The company has a 50-day moving average of GBX 409.04 and a 200-day moving average of GBX 401.01.

Fidelity European Trust (LON:FEVGet Free Report) last issued its quarterly earnings data on Friday, September 5th. The company reported GBX 8.84 earnings per share (EPS) for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. As a group, analysts expect that Fidelity European Trust will post 62.9906542 earnings per share for the current year.

About Fidelity European Trust

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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.

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