Scottish Mortgage (LON:SMT) Sets New 12-Month High – Still a Buy?

Scottish Mortgage (LON:SMT) reached a new 52-week high on Tuesday . The company traded as high as GBX 1,540 and last traded at GBX 1,530, with a volume of 65424730 shares traded. The stock had previously closed at GBX 1,498.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Scottish Mortgage in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Scottish Mortgage Stock Up 1.9%

The stock has a market cap of £16.55 billion, a P/E ratio of 4.96 and a beta of 0.81. The business has a 50 day moving average price of GBX 1,346.50 and a two-hundred day moving average price of GBX 1,231.10.

About Scottish Mortgage

Scottish Mortgage is a portfolio of what we believe are the world’s most exciting growth companies. We believe that a few exceptional companies will make a positive impact on shareholders’ returns and society as a whole. Explore our website and you’ll discover what we mean by investing in progress, how we find and support the companies shaping the future, and how you can be a part of it.