Schroder Oriental Income (LON:SOI) Reaches New 1-Year High – Time to Buy?

Schroder Oriental Income (LON:SOI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 308 ($4.17) and last traded at GBX 304.50 ($4.12), with a volume of 368248 shares traded. The stock had previously closed at GBX 303.50 ($4.11).

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered their price objective on shares of Schroder Oriental Income from GBX 310 to GBX 300 and set an “outperform” rating for the company in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Schroder Oriental Income presently has an average rating of “Buy” and a consensus price target of GBX 300.

Schroder Oriental Income Trading Up 0.2%

The stock has a market capitalization of £696.63 million, a PE ratio of 931.66 and a beta of 0.67. The stock’s fifty day simple moving average is GBX 298.98 and its 200-day simple moving average is GBX 280.02.

Schroder Oriental Income Company Profile

Asian companies are increasingly world-leading and returning cash to shareholders. The Schroder Oriental Income Fund aims to tap into the Asian income story and help investors diversify their dividends.