Schroder Oriental Income (LON:SOI) Reaches New 12-Month High - Still a Buy?

Key Points

• Schroder Oriental Income's stock reached a new 52-week high of GBX 316 ($4.30) during trading, up from a previous close of GBX 314 ($4.27).
• Royal Bank Of Canada has reduced its price objective for the stock from GBX 310 to GBX 300 while maintaining an "outperform" rating.
• The stock currently has a market cap of £721.84 million and an average consensus rating of "Buy."

Schroder Oriental Income (LON:SOI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 316 ($4.30) and last traded at GBX 315 ($4.29), with a volume of 126897 shares trading hands. The stock had previously closed at GBX 314 ($4.27).

Wall Street Analysts Forecast Growth

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

Schroder Oriental Income Stock Performance

The stock has a market cap of £721.84 million, a price-to-earnings ratio of 965.37 and a beta of 0.67. The stock has a fifty day simple moving average of GBX 303.22 and a two-hundred day simple moving average of GBX 282.04.

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.

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