Scottish Mortgage (LON:SMT) Reaches New 52-Week High – Here’s Why

Scottish Mortgage (LON:SMT)’s stock price reached a new 52-week high during mid-day trading 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 Analysts Forecast Growth

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

Scottish Mortgage Stock Performance

The firm has a fifty day moving average price of GBX 1,359.54 and a 200 day moving average price of GBX 1,236.77. The firm has a market capitalization of £16.30 billion, a price-to-earnings ratio of 4.89 and a beta of 1.14.

Scottish Mortgage (LON:SMT) last posted its quarterly earnings results on Wednesday, May 27th. The company reported GBX 2.28 EPS for the quarter. The business had revenue of GBX 3,311 million during the quarter. Scottish Mortgage had a return on equity of 28.15% and a net margin of 97.44%.

Scottish Mortgage Company Profile

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.