Schroder Income Growth (LON:SCF) Reaches New 1-Year High – Still a Buy?

Schroder Income Growth (LON:SCF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 361 and last traded at GBX 361, with a volume of 124796 shares. The stock had previously closed at GBX 355.

Schroder Income Growth Price Performance

The business’s 50-day moving average price is GBX 346.76 and its two-hundred day moving average price is GBX 330.79. The company has a market capitalization of £244.58 million, a P/E ratio of 12.23 and a beta of 0.89.

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

Insider Activity

In other news, insider Fraser McIntyre bought 129 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of GBX 335 per share, for a total transaction of £432.15. Insiders own 0.46% of the company’s stock.

About Schroder Income Growth

– 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.