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Fidelity European Trust (LON:FEV) Sets New 12-Month High - Here's Why

Fidelity European Trust logo with Financial Services background

Key Points

  • Fidelity European Trust shares reached a new 12-month high, trading at GBX 428 ($5.72) during mid-day trading on Wednesday.
  • The company reported an earnings per share (EPS) of GBX 8.84 for the last quarter, indicating a strong net margin of 93.84% and a return on equity of 12.65%.
  • Fidelity European Trust has a market capitalization of £2.19 billion and a price-to-earnings ratio of 44.90.
  • MarketBeat previews the top five stocks to own by November 1st.

Fidelity European Trust (LON:FEV - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 428 ($5.72) and last traded at GBX 426.50 ($5.70), with a volume of 509003 shares traded. The stock had previously closed at GBX 426 ($5.70).

Fidelity European Trust Stock Performance

The stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 44.90 and a beta of 0.80. The company has a 50-day moving average of GBX 409.04 and a 200-day moving average of GBX 401.01.

Fidelity European Trust (LON:FEV - Get Free Report) last issued its quarterly earnings data on Friday, September 5th. The company reported GBX 8.84 earnings per share (EPS) for the quarter. Fidelity European Trust had a return on equity of 12.65% and a net margin of 93.84%. As a group, analysts expect that Fidelity European Trust will post 62.9906542 earnings per share for the current year.

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.

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