Schroder Income Growth (LON:SCF) Hits New 1-Year High – Time to Buy?

Schroder Income Growth (LON:SCF)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 356 and last traded at GBX 354, with a volume of 151968 shares traded. The stock had previously closed at GBX 354.

Schroder Income Growth Stock Performance

The firm has a 50-day moving average of GBX 342.13 and a two-hundred day moving average of GBX 327.19. The firm has a market capitalization of £239.84 million, a P/E ratio of 12.00 and a beta of 0.89.

Schroder Income Growth (LON:SCF) last issued its earnings results on Tuesday, November 11th. The company reported GBX 12.55 EPS for the quarter. Schroder Income Growth had a return on equity of 17.23% and a net margin of 91.20%.

Insider Buying and Selling

In other news, insider June Aitken purchased 170 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of GBX 326 per share, for a total transaction of £554.20. Also, insider Fraser McIntyre acquired 129 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of GBX 335 per share, for a total transaction of £432.15. Company insiders own 0.46% of the company’s stock.

Schroder Income Growth Company Profile

– Targets outperformance by investing in the shares of companies paying dividends that should grow faster than the rate of inflation.
– Has raised its dividend consistently for the past 24 years, making it an attractive proposition for income-seeking investors.
– Managed by Sue Noffke, who has more than 20 years of investment experience specialising in UK equities.
– Fundamental research is at the heart of the investment process and Sue looks for out of favour companies that have the potential to deliver strong future returns.