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

Key Points

• Shares of Schroder Oriental Income reached a new 52-week high of GBX 308 ($4.17) amidst a trading volume of 1010 shares.
• Royal Bank Of Canada revised their price target for the stock down from GBX 310 to GBX 300, while maintaining an "outperform" rating.
• The company has a market capitalization of £705.80 million and a consensus rating of "Buy" from analysts, with a price target of GBX 300.

Shares of Schroder Oriental Income (LON:SOI - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 308 ($4.17) and last traded at GBX 307.60 ($4.17), with a volume of 1010 shares changing hands. The stock had previously closed at GBX 306 ($4.15).

Analyst Ratings Changes

Separately, Royal Bank Of Canada dropped their price target on 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 company has a consensus rating of "Buy" and a consensus price target of GBX 300.

Schroder Oriental Income Stock Performance

The company has a 50-day simple moving average of GBX 300.89 and a 200 day simple moving average of GBX 280.81. The company has a market capitalization of £705.80 million, a P/E ratio of 943.92 and a beta of 0.67.

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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