JPMorgan European Growth & Income (LON:JEGI) Shares Up 0.9% – Should You Buy?

JPMorgan European Growth & Income (LON:JEGI) shares rose 0.9% during mid-day trading on Tuesday . The stock traded as high as GBX 111 ($1.40) and last traded at GBX 110.50 ($1.39). Approximately 426,167 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 545,269 shares. The stock had previously closed at GBX 109.50 ($1.38).

JPMorgan European Growth & Income Stock Performance

The company has a market cap of £465.55 million, a PE ratio of 6.63 and a beta of 0.85. The company has a debt-to-equity ratio of 8.40, a quick ratio of 20.49 and a current ratio of 6.69. The stock’s 50-day simple moving average is GBX 102.75 and its 200 day simple moving average is GBX 101.50.

JPMorgan European Growth & Income (LON:JEGI) last posted its quarterly earnings results on Wednesday, November 27th. The company reported GBX 2.07 ($0.03) earnings per share (EPS) for the quarter. JPMorgan European Growth & Income had a net margin of 92.01% and a return on equity of 14.20%.

JPMorgan European Growth & Income Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, November 28th were issued a GBX 1.20 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a dividend yield of 1.22%. JPMorgan European Growth & Income’s dividend payout ratio is currently 30.20%.

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.