Royal Bank of Canada Issues Pessimistic Forecast for Schroder Oriental Income (LON:SOI) Stock Price

Schroder Oriental Income (LON:SOI) had its price objective decreased by research analysts at Royal Bank of Canada from GBX 310 ($4.15) to GBX 300 ($4.02) in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 8.50% from the company’s previous close.

Schroder Oriental Income Stock Performance

LON:SOI opened at GBX 276.50 ($3.70) on Monday. The firm has a market cap of £642.93 million, a P/E ratio of 6.06 and a beta of 0.67. Schroder Oriental Income has a fifty-two week low of GBX 233.47 ($3.13) and a fifty-two week high of GBX 288 ($3.86). The firm has a 50-day simple moving average of GBX 263.01 and a two-hundred day simple moving average of GBX 271.20.

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.