Fidelity European Trust (LON:FEV) Reaches New 1-Year High – Here’s Why

Fidelity European Trust (LON:FEVGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 435 and last traded at GBX 431.75, with a volume of 753862 shares. The stock had previously closed at GBX 433.50.

Fidelity European Trust Trading Down 0.7%

The stock has a market cap of £2.20 billion, a PE ratio of 45.36 and a beta of 0.80. The firm has a fifty day simple moving average of GBX 421.33 and a two-hundred day simple moving average of GBX 414.54.

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. It follows a consistent bottom-up approach, seeking to identify companies able to grow dividends over a three to five-year horizon.

Viewed as a whole, the European Union is the world’s second largest economy and home to some of the strongest, most stable and resilient companies.

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