CT Private Equity Trust (LON:CTPE) Stock Price Up 1% - Here's What Happened

Key Points

• CT Private Equity Trust shares rose 1% to GBX 498 on Wednesday, with about 41,746 shares traded — a ~64% decline versus the average daily volume.
• Canaccord Genuity reaffirmed a speculative buy on CTPE and the stock carries a consensus Buy rating (based on one analyst).
• The trust invests in high-quality smaller and mid-sized private companies across the UK and Europe via over 500 companies and 50 PE managers; market cap is £356.08m with a P/E of 15.39 and 50-/200-day moving averages of GBX 486.07 / GBX 508.94.

CT Private Equity Trust PLC (LON:CTPE - Get Free Report)'s share price rose 1% during trading on Wednesday . The company traded as high as GBX 498 and last traded at GBX 498. Approximately 41,746 shares changed hands during trading, a decline of 64% from the average daily volume of 117,061 shares. The stock had previously closed at GBX 493.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating on shares of CT Private Equity Trust in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

CT Private Equity Trust Stock Performance

The stock's fifty day moving average price is GBX 486.07 and its 200 day moving average price is GBX 508.94. The stock has a market cap of £356.08 million, a P/E ratio of 15.39 and a beta of 0.62.

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.

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