CT Private Equity Trust (LON:CTPE) Earns Speculative Buy Rating from Canaccord Genuity Group

CT Private Equity Trust (LON:CTPE)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

CT Private Equity Trust Stock Down 0.8%

LON:CTPE opened at GBX 472 on Wednesday. The business’s 50-day moving average price is GBX 500.97 and its 200 day moving average price is GBX 506.25. The firm has a market cap of £337.49 million, a P/E ratio of 14.59 and a beta of 1.03. CT Private Equity Trust has a 52-week low of GBX 439.84 and a 52-week high of GBX 592.

CT Private Equity Trust Company Profile

We invest in high-quality smaller and mid-sized private companies selected by experienced Private Equity managers, mainly across the UK and Europe, that typically demonstrate strong growth, profitability, and sound management. Our diversified strategy means that we are invested in over 500 companies with 50 carefully selected PE managers, reducing risk and helping us find the best small and mid-size growth companies.

Our fund manager, Hamish Mair, has managed the trust’s investments since launch over 25 years ago.