Schroder Income Growth (LON:SCF) Sets New 52-Week High – What’s Next?

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

Schroder Income Growth Price Performance

The company’s 50-day moving average is GBX 365.42 and its two-hundred day moving average is GBX 356.62. 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 firm has a market cap of £244.91 million, a P/E ratio of 4.69 and a beta of 1.08.

Insiders Place Their Bets

In other Schroder Income Growth news, insider Fraser McIntyre bought 78 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of GBX 376 per share, for a total transaction of £293.28. 0.48% of the stock is owned by 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.