CT Private Equity Trust (LON:CTPE) Stock Price Up 1% – Should You Buy?

CT Private Equity Trust PLC (LON:CTPE) rose 1% on Wednesday . The stock traded as high as GBX 498 and last traded at GBX 498. Approximately 41,746 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 117,061 shares. The stock had previously closed at GBX 493.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating on shares of CT Private Equity Trust in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, CT Private Equity Trust presently has a consensus rating of “Buy”.

CT Private Equity Trust Stock Up 0.6%

The company has a 50 day moving average of GBX 485.15 and a 200 day moving average of GBX 508.79. The firm has a market cap of £351.15 million, a price-to-earnings ratio of 15.18 and a beta of 0.62.

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.