European Assets Trust PLC (LON:EAT – Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 86.34 ($1.10) and traded as high as GBX 88.30 ($1.12). European Assets Trust shares last traded at GBX 86.50 ($1.10), with a volume of 1,151,777 shares traded.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. lifted their target price on shares of European Assets Trust from GBX 1,086 ($13.77) to GBX 1,437 ($18.23) and gave the stock a “neutral” rating in a report on Wednesday, December 6th.
Read Our Latest Research Report on EAT
European Assets Trust Stock Up 0.3 %
European Assets Trust Increases Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 11th were issued a GBX 1.48 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a yield of 1.68%. This is an increase from European Assets Trust’s previous dividend of $1.45. European Assets Trust’s payout ratio is currently 6,666.67%.
European Assets Trust Company Profile
European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.
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