Schroder Oriental Income (LON:SOI) Sets New 1-Year High - Here's Why

Schroder Oriental Income (LON:SOI - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 288 ($3.93) and last traded at GBX 287.52 ($3.92), with a volume of 10936 shares trading hands. The stock had previously closed at GBX 287.50 ($3.92).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reduced their price objective on Schroder Oriental Income from GBX 310 ($4.23) to GBX 300 ($4.09) and set an "outperform" rating for the company in a research note on Monday, May 19th.

Schroder Oriental Income Stock Performance

The stock has a 50 day simple moving average of GBX 277.20 and a two-hundred day simple moving average of GBX 273.02. The firm has a market cap of £673.16 million, a PE ratio of 6.34 and a beta of 0.67.

Schroder Oriental Income (LON:SOI - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 2.95 ($0.04) earnings per share for the quarter. Schroder Oriental Income had a return on equity of 16.22% and a net margin of 88.88%.

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.