Schroder Income Growth (LON:SCF) Sets New 12-Month High – Should You Buy?

Schroder Income Growth (LON:SCF) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 348 and last traded at GBX 346, with a volume of 110759 shares changing hands. The stock had previously closed at GBX 342.

Schroder Income Growth Stock Performance

The company’s fifty day moving average price is GBX 330.85 and its 200 day moving average price is GBX 320.63. The firm has a market capitalization of £234.49 million, a price-to-earnings ratio of 11.72 and a beta of 0.89.

Schroder Income Growth (LON:SCF) last issued its earnings results on Tuesday, November 11th. The company reported GBX 12.55 earnings per share (EPS) for the quarter. Schroder Income Growth had a net margin of 91.20% and a return on equity of 17.23%.

Insider Buying and Selling

In related news, insider Fraser McIntyre bought 129 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of GBX 335 per share, for a total transaction of £432.15. Also, insider June Aitken purchased 170 shares of Schroder Income Growth stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average cost of GBX 326 per share, with a total value of £554.20. Insiders own 0.46% of the company’s stock.

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.