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

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

Fidelity European Trust Price Performance

The firm’s fifty day moving average is GBX 425.46 and its 200 day moving average is GBX 417.50. The firm has a market capitalization of £2.23 billion, a price-to-earnings ratio of 45.92 and a beta of 0.80.

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.