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

Schroder Income Growth (LON:SCF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 358 and last traded at GBX 355, with a volume of 97970 shares trading hands. The stock had previously closed at GBX 353.

Schroder Income Growth Price Performance

The firm has a fifty day simple moving average of GBX 345.01 and a 200-day simple moving average of GBX 329.46. The firm has a market cap of £240.52 million, a P/E ratio of 12.03 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 earnings per share 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 at Schroder Income Growth

In other Schroder Income Growth news, insider June Aitken bought 170 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of GBX 326 per share, with a total value of £554.20. Also, insider Fraser McIntyre bought 129 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of GBX 335 per share, for a total transaction of £432.15. Corporate 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.