Fidelity European Trust (LON:FEV) Hits New 52-Week High – Here’s Why

Fidelity European Trust (LON:FEVGet Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 445 and last traded at GBX 444, with a volume of 1880654 shares. The stock had previously closed at GBX 443.

Fidelity European Trust Price Performance

The stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 7.08 and a beta of 1.19. The business’s fifty day moving average price is GBX 427.34 and its 200-day moving average price is GBX 417.18. The company has a debt-to-equity ratio of 1.38, a current ratio of 37.14 and a quick ratio of 5.81.

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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