Schroder Income Growth (LON:SCF) Sets New 52-Week High on Insider Buying Activity

Schroder Income Growth (LON:SCF)’s stock price reached a new 52-week high during trading on Wednesday following insider buying activity. The stock traded as high as GBX 336 and last traded at GBX 332, with a volume of 123295 shares. The stock had previously closed at GBX 328.

Specifically, insider June Aitken bought 170 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of GBX 326 per share, for a total transaction of £554.20.

Schroder Income Growth Stock Up 1.2%

The business’s 50-day simple moving average is GBX 321.36 and its two-hundred day simple moving average is GBX 312.48. The firm has a market cap of £225.76 million, a price-to-earnings ratio of 5.80 and a beta of 0.89.

About Schroder Income Growth

– Targets outperformance by investing in the shares of companies paying dividends that should grow faster than the rate of inflation.
– Has raised its dividend consistently for the past 24 years, making it an attractive proposition for income-seeking investors.
– Managed by Sue Noffke, who has more than 20 years of investment experience specialising in UK equities.
– Fundamental research is at the heart of the investment process and Sue looks for out of favour companies that have the potential to deliver strong future returns.