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

Schroder Income Growth (LON:SCF) shares 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 Performance

The stock has a market cap of £246.44 million, a price-to-earnings ratio of 4.70 and a beta of 1.08. The company has a debt-to-equity ratio of 9.70, a current ratio of 0.34 and a quick ratio of 0.17. The stock’s 50-day moving average is GBX 360.60 and its 200-day moving average is GBX 354.57.

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

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.