Schroder Income Growth (LON:SCF) Hits New 52-Week High – Still a Buy?

Schroder Income Growth (LON:SCF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 375.30 and last traded at GBX 372, with a volume of 120154 shares changing hands. The stock had previously closed at GBX 373.

Schroder Income Growth Stock Down 0.3%

The business’s fifty day moving average price is GBX 360.12 and its 200 day moving average price is GBX 354.29. The company has a market capitalization of £244.47 million, a P/E ratio of 4.66 and a beta of 1.08. The company has a current ratio of 0.34, a quick ratio of 0.17 and a debt-to-equity ratio of 9.70.

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

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.