Canaccord Genuity Group Reiterates Speculative Buy Rating for CT Private Equity Trust (LON:CTPE)

CT Private Equity Trust (LON:CTPE)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a note issued to investors on Wednesday,London Stock Exchange reports.

CT Private Equity Trust Stock Up 2.1%

Shares of LON:CTPE opened at GBX 480 on Wednesday. The firm’s 50 day moving average price is GBX 504.41 and its 200 day moving average price is GBX 506.69. The stock has a market cap of £343.21 million, a price-to-earnings ratio of 14.84 and a beta of 1.03. CT Private Equity Trust has a fifty-two week low of GBX 436.63 and a fifty-two week high of GBX 592.

Insider Buying and Selling

In related news, insider Jane Routledge purchased 3,571 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were bought at an average cost of GBX 560 per share, for a total transaction of £19,997.60. 0.26% of the stock is owned by corporate insiders.

About CT Private Equity Trust

We invest in high-quality smaller and mid-sized private companies selected by experienced Private Equity managers, mainly across the UK and Europe, that typically demonstrate strong growth, profitability, and sound management. Our diversified strategy means that we are invested in over 500 companies with 50 carefully selected PE managers, reducing risk and helping us find the best small and mid-size growth companies.

Our fund manager, Hamish Mair, has managed the trust’s investments since launch over 25 years ago.