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

Schroder Income Growth (LON:SCF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 379 and last traded at GBX 379, with a volume of 47583 shares. The stock had previously closed at GBX 378.

Schroder Income Growth Trading Up 0.3%

The stock has a market capitalization of £248.14 million, a P/E ratio of 4.75 and a beta of 1.08. The business has a 50 day simple moving average of GBX 364.80 and a 200-day simple moving average of GBX 356.39. The company has a debt-to-equity ratio of 9.70, a quick ratio of 0.17 and a current ratio of 0.34.

Insider Buying and Selling at Schroder Income Growth

In other news, insider Fraser McIntyre bought 78 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of GBX 376 per share, with a total value of £293.28. 0.48% of the stock is currently owned by company insiders.

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.