Royal Bank of Canada Cuts Schroder Oriental Income (LON:SOI) Price Target to GBX 300

Schroder Oriental Income (LON:SOI) had its price objective reduced by Royal Bank of Canada from GBX 310 ($4.14) to GBX 300 ($4.01) in a research report sent to investors on Monday morning,Digital Look reports. They currently have an outperform rating on the stock.

Schroder Oriental Income Trading Up 0.6%

SOI stock traded up GBX 1.75 ($0.02) during midday trading on Monday, hitting GBX 276.75 ($3.70). The company’s stock had a trading volume of 231,272 shares, compared to its average volume of 450,633. The firm’s 50-day moving average is GBX 262.87 and its 200-day moving average is GBX 271.16. Schroder Oriental Income has a 12 month low of GBX 233.47 ($3.12) and a 12 month high of GBX 288 ($3.85). The company has a market cap of £643.51 million, a PE ratio of 6.06 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.