JPMorgan Global Growth & Income (LON:JGGI) Sets New 12-Month High – Still a Buy?

JPMorgan Global Growth & Income (LON:JGGI)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 596 and last traded at GBX 595.50, with a volume of 296621 shares changing hands. The stock had previously closed at GBX 591.

JPMorgan Global Growth & Income Stock Performance

The stock has a market capitalization of £3.29 billion, a P/E ratio of 14.43 and a beta of 0.78. The company’s 50-day moving average is GBX 569.04 and its two-hundred day moving average is GBX 573.21. The company has a current ratio of 1.10, a quick ratio of 5.88 and a debt-to-equity ratio of 4.83.

JPMorgan Global Growth & Income (LON:JGGI) last released its quarterly earnings results on Thursday, March 19th. The company reported GBX 3.63 EPS for the quarter. JPMorgan Global Growth & Income had a net margin of 91.40% and a return on equity of 7.63%.

About JPMorgan Global Growth & Income

A distinctive strategy for today’s markets

JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world’s stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year.

Key points:

Expertise – Tapping into the local proprietary analysis of JPMorgan’s award winning and experienced global research team.

Portfolio – A global best ideas – go anywhere – portfolio, with the manager focused on identifying companies that will provide the best total returns.

Results – Provides the best of both worlds – predictable quarterly income and long-term growth from the best global ideas.