Fidelity European Trust (LON:FEV) Hits New 12-Month High – Should You Buy?

Fidelity European Trust (LON:FEVGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 414.63 ($5.61) and last traded at GBX 413 ($5.59), with a volume of 568649 shares traded. The stock had previously closed at GBX 413 ($5.59).

Fidelity European Trust Stock Performance

The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 7.98 and a beta of 0.80. The company has a 50-day moving average price of GBX 386.48 and a 200-day moving average price of GBX 376.

Fidelity European Trust (LON:FEVGet Free Report) last posted its earnings results on Thursday, March 20th. The company reported GBX 10.41 ($0.14) 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, sell-side analysts anticipate that Fidelity European Trust will post 62.9906542 earnings per share for the current fiscal year.

Fidelity European Trust Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 13th. Investors of record on Thursday, March 27th were given a GBX 5.50 ($0.07) dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from Fidelity European Trust’s previous dividend of $3.60. This represents a dividend yield of 1.36%. Fidelity European Trust’s payout ratio is currently 15.86%.

Insider Activity at Fidelity European Trust

In other Fidelity European Trust news, insider Milyae Park acquired 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average cost of GBX 361 ($4.89) per share, for a total transaction of £8,303 ($11,240.02). 0.77% of the stock is owned by insiders.

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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