JPMorgan European Growth & Income (LON:JEGI) Trading Up 1.8% - Still a Buy?

Key Points

• Stock moved up 1.8% in mid-day trading to GBX 138.01 (from GBX 135.60) on volume of about 1,169,703 shares, roughly 33% below the average daily volume.
• Company has a market capitalization of £582.89 million and a low reported valuation with a P/E of 6.42, while showing very high liquidity ratios (quick ratio 20.49, current ratio 70.29) and a debt-to-equity of 7.79.
• JPMorgan European Growth & Income is an investment trust that aims to combine long-term European capital growth with a predictable dividend, managed by experienced J.P. Morgan portfolio managers.

JPMorgan European Growth & Income (LON:JEGI - )'s stock price was up 1.8% during mid-day trading on Thursday . The company traded as high as GBX 138.40 and last traded at GBX 138.01. Approximately 1,169,703 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 1,753,515 shares. The stock had previously closed at GBX 135.60.

JPMorgan European Growth & Income Price Performance

The company has a quick ratio of 20.49, a current ratio of 70.29 and a debt-to-equity ratio of 7.79. The firm has a market capitalization of £582.89 million, a P/E ratio of 6.42 and a beta of 1.08. The business's 50 day moving average is GBX 139.44 and its 200-day moving average is GBX 139.

About JPMorgan European Growth & Income

Income and Growth without compromise with a European heart Attractive capital growth and a dependable income require a solid foundation JPMorgan European Growth & Income plc is an innovative investment trust offering the best of both worlds from a single share class structure. The Company allows growth-oriented investors to participate in the attractive long-term growth potential of European stock markets while also aiming to deliver a predictable dividend to income seekers. Key points: Expertise - Benefits from portfolio managers with long-standing experience investing in European markets, backed by the full strength and depth of J.P.

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