Fidelity European Trust (LON:FEV) Hits New 1-Year High – Here’s Why

Shares of Fidelity European Trust (LON:FEV) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 439 and last traded at GBX 437, with a volume of 34118 shares trading hands. The stock had previously closed at GBX 438.

Fidelity European Trust Stock Down 0.5%

The stock has a market cap of £2.23 billion, a price-to-earnings ratio of 45.92 and a beta of 0.80. The company’s 50-day simple moving average is GBX 425.46 and its 200-day simple moving average is GBX 417.50.

About Fidelity European Trust

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.