Schroder Oriental Income (LON:SOI) Sets New 12-Month 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) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 308 ($4.18) and last traded at GBX 307.60 ($4.17), with a volume of 1010 shares trading hands. The stock had previously closed at GBX 306 ($4.15).

Analyst Ratings Changes

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 report on Monday, May 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Schroder Oriental Income has an average rating of "Buy" and a consensus price target of GBX 300.

Schroder Oriental Income Price Performance

The stock's fifty day moving average price is GBX 302.71 and its 200-day moving average price is GBX 281.75. The firm has a market cap of £719.55 million, a price-to-earnings ratio of 962.30 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.