The Baillie Gifford Japan Trust (LON:BGFD) Hits New 12-Month High – Still a Buy?

Shares of The Baillie Gifford Japan Trust PLC (LON:BGFDGet Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 957 and last traded at GBX 952, with a volume of 103674 shares. The stock had previously closed at GBX 946.

The Baillie Gifford Japan Trust Trading Up 0.3%

The firm’s 50-day moving average price is GBX 904.64 and its 200 day moving average price is GBX 905.12. The company has a market cap of £719.24 million, a price-to-earnings ratio of 6.32 and a beta of 0.73.

The Baillie Gifford Japan Trust Company Profile

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The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities.

Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas.

We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.

Further Reading

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