Schroder Oriental Income (LON:SOI) Reaches New 1-Year High - Time to Buy?

Key Points

• Schroder Oriental Income's share price reached a new 52-week high at GBX 308 ($4.17) during trading, reflecting increased investor interest.
• Royal Bank of Canada downgraded the stock's price target from GBX 310 to GBX 300 while maintaining an "outperform" rating.
• The fund focuses on Asian companies, aiming to capitalize on their growing dividends and help investors diversify their income streams.

Schroder Oriental Income (LON:SOI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 308 ($4.16) and last traded at GBX 304.50 ($4.11), with a volume of 368248 shares trading hands. The stock had previously closed at GBX 303.50 ($4.10).

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut their price target on shares of Schroder Oriental Income from GBX 310 to GBX 300 and set an "outperform" rating on the stock in a research report on Monday, May 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of GBX 300.

Schroder Oriental Income Stock Performance

The stock has a market capitalization of £702.36 million, a price-to-earnings ratio of 939.32 and a beta of 0.67. The firm's fifty day simple moving average is GBX 300.51 and its 200 day simple moving average is GBX 280.68.

Schroder Oriental Income Company Profile

Asian companies are increasingly world-leading and returning cash to shareholders. The Schroder Oriental Income Fund aims to tap into the Asian income story and help investors diversify their dividends.