JPMorgan European Growth & Income (LON:JEGI) Sets New 52-Week High – Time to Buy?

Shares of JPMorgan European Growth & Income (LON:JEGI) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 149.50 and last traded at GBX 149.13, with a volume of 641023 shares trading hands. The stock had previously closed at GBX 148.

JPMorgan European Growth & Income Trading Up 0.7%

The stock has a market cap of £629.33 million, a PE ratio of 6.94 and a beta of 0.85. The company’s fifty day moving average is GBX 142.38 and its 200-day moving average is GBX 134.64. The company has a debt-to-equity ratio of 8.40, a current ratio of 6.69 and a quick ratio of 20.49.

JPMorgan European Growth & Income (LON:JEGI) last announced its quarterly earnings results on Thursday, November 27th. The company reported GBX 2.58 earnings per share for the quarter. JPMorgan European Growth & Income had a return on equity of 14.20% and a net margin of 92.01%.

Insider Buying and Selling

In related news, insider Rita Dhut acquired 18,000 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of GBX 137 per share, for a total transaction of £24,660. 0.06% of the stock is currently owned by company insiders.

About JPMorgan European Growth & Income

Attractive capital growth and a dependable income require a solid foundation

JPMorgan European Growth & Income plc is an innovative investment trust offering the best of both worlds from a single share class structure. The Company allows growth-oriented investors to participate in the attractive long-term growth potential of European stock markets while also aiming to deliver a predictable dividend to income seekers.

Key points:

Expertise – Benefits from portfolio managers with long-standing experience investing in European markets, backed by the full strength and depth of J.P.