Schroder Oriental Income (LON:SOI) Sets New 52-Week High - Still a Buy?

Key Points

• Schroder Oriental Income shares reached a new 52-week high of GBX 305.50 ($4.11) during trading, closing at GBX 304.21 ($4.09) with a trading volume of 31,110 shares.
• Royal Bank of Canada reduced their price target on the stock from GBX 310 ($4.17) to GBX 300 ($4.03) while maintaining an "outperform" rating.
• The company reported earnings of GBX 2.95 ($0.04) per share, a return on equity of 16.22%, and a net margin of 88.88% in its last earnings announcement.

Shares of Schroder Oriental Income (LON:SOI - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 305.50 ($4.05) and last traded at GBX 304.21 ($4.03), with a volume of 31110 shares. The stock had previously closed at GBX 303.50 ($4.02).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada decreased their price objective on shares of Schroder Oriental Income from GBX 310 ($4.11) to GBX 300 ($3.98) and set an "outperform" rating on the stock in a report on Monday, May 19th.

Schroder Oriental Income Stock Up 0.2%

The stock has a market cap of £705.71 million, a PE ratio of 6.65 and a beta of 0.67. The business's fifty day moving average is GBX 287.56 and its 200 day moving average is GBX 275.98.

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

About Schroder Oriental Income

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.