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

Shares of Schroder Income Growth (LON:SCF) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 372 and last traded at GBX 367, with a volume of 67327 shares trading hands. The stock had previously closed at GBX 369.

Schroder Income Growth Price Performance

The company has a quick ratio of 0.17, a current ratio of 0.34 and a debt-to-equity ratio of 9.70. The company’s fifty day moving average price is GBX 359.46 and its 200 day moving average price is GBX 353.85. The company has a market capitalization of £244.80 million, a P/E ratio of 4.67 and a beta of 0.63.

Schroder Income Growth (LON:SCF) last issued its quarterly earnings results on Wednesday, May 13th. The company reported GBX 3.97 earnings per share (EPS) for the quarter. The business had revenue of GBX 338 million for the quarter. Schroder Income Growth had a return on equity of 21.54% and a net margin of 94.75%.

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.