JPMorgan European Growth & Income (LON:JEGI) Reaches New 52-Week High – Still a Buy?

JPMorgan European Growth & Income (LON:JEGI)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 145 and last traded at GBX 144.50, with a volume of 313921 shares changing hands. The stock had previously closed at GBX 144.50.

JPMorgan European Growth & Income Price Performance

The firm has a market cap of £610.50 million, a P/E ratio of 6.74 and a beta of 0.85. The business’s fifty day simple moving average is GBX 137.08 and its 200-day simple moving average is GBX 130.93. The company has a current ratio of 6.69, a quick ratio of 20.49 and a debt-to-equity ratio of 8.40.

JPMorgan European Growth & Income (LON:JEGI) last announced its quarterly earnings results on Thursday, November 27th. The company reported GBX 2.58 earnings per share for the quarter. JPMorgan European Growth & Income had a return on equity of 14.20% and a net margin of 92.01%.

Insider Buying and Selling at JPMorgan European Growth & Income

In other news, insider Rita Dhut purchased 18,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were purchased at an average cost of GBX 137 per share, with a total value of £24,660. 0.06% of the stock is currently owned by corporate insiders.

About JPMorgan European Growth & Income

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.