Jefferies Financial Group Reaffirms “Buy” Rating for Scottish Mortgage Investment Trust (SMT)

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Jefferies Financial Group restated their buy rating on shares of Scottish Mortgage Investment Trust (LON:SMT) in a research report report published on Thursday, Digital Look reports. Jefferies Financial Group currently has a GBX 521 ($6.81) price target on the stock.

LON:SMT opened at GBX 514.29 ($6.72) on Thursday. Scottish Mortgage Investment Trust has a 52 week low of GBX 5.01 ($0.07) and a 52 week high of GBX 569 ($7.43).

The business also recently declared a dividend, which will be paid on Tuesday, July 2nd. Investors of record on Thursday, June 6th will be given a dividend of GBX 1.74 ($0.02) per share. This is a positive change from Scottish Mortgage Investment Trust’s previous dividend of $1.39. The ex-dividend date is Thursday, June 6th. This represents a yield of 0.33%.

In related news, insider Paola Subacchi purchased 98 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average price of GBX 506 ($6.61) per share, with a total value of £495.88 ($647.96).

Scottish Mortgage Investment Trust Company Profile

Scottish Mortgage Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co It invests in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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