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Fidelity Emerging Markets (LON:FEML) Hits New 12-Month High - Still a Buy?

Fidelity Emerging Markets logo with Financial Services background

Key Points

  • Fidelity Emerging Markets (LON:FEML) reached a new 52-week high at GBX 918.17 ($12.45) on Monday, closing at GBX 908 ($12.31) with a trading volume of 11,555 shares.
  • The company has a market capitalization of £586.05 million and a significant price-to-earnings ratio of 955.21, reflecting its valuation relative to earnings.
  • Fidelity's emerging market strategy aims to build a diversified portfolio focused on high-quality companies with growth potential, although monitoring risks remains crucial.
  • MarketBeat previews the top five stocks to own by October 1st.

Fidelity Emerging Markets (LON:FEML - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 918.17 ($12.53) and last traded at GBX 908 ($12.39), with a volume of 11555 shares trading hands. The stock had previously closed at GBX 909 ($12.41).

Fidelity Emerging Markets Stock Performance

The firm has a fifty day moving average price of GBX 847.66 and a two-hundred day moving average price of GBX 766.61. The stock has a market capitalization of £584.14 million, a P/E ratio of 952.08 and a beta of 0.64.

About Fidelity Emerging Markets

(Get Free Report)

Fidelity Emerging Markets Limited (FEML) draws on Fidelity's resources across the globe to build a carefully curated portfolio of companies with a strong growth runway. High-quality emerging market companies should deliver strong and sustainable investment returns over the long term but keeping an eye on potential risks is vital.

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Should You Invest $1,000 in Fidelity Emerging Markets Right Now?

Before you consider Fidelity Emerging Markets, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fidelity Emerging Markets wasn't on the list.

While Fidelity Emerging Markets currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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