Standard Life Private Equity Trust (LON:SLPE) Shares Up 3.4% – Time to Buy?

Standard Life Private Equity Trust (LON:SLPE) shot up 3.4% on Wednesday . The company traded as high as GBX 612 and last traded at GBX 606. 133,440 shares traded hands during trading, a decline of 15% from the average session volume of 157,693 shares. The stock had previously closed at GBX 586.

Standard Life Private Equity Trust Price Performance

The company has a market cap of £919.40 million and a P/E ratio of 3.21. The company’s 50-day moving average is GBX 590.09 and its two-hundred day moving average is GBX 598.77.

Standard Life Private Equity Trust Company Profile

SL Private Equity specializes in fund of funds and direct investments. It seeks to invest in mid-market buyouts and expansion capital. It focuses on investments in healthcare, oil and gas services, educational publishing, aero-engineering, and capital goods outside Europe. Within fund of fund investments it seeks to invest in private equity funds focused on mid to large sized buyouts. It seeks to invest in funds investing in companies with enterprise values ranging between EUR100 million ($111.10 million) and EUR2 billion ($2,881.60 million).