Schroders (LON:SDR) had its price target boosted by equities researchers at Barclays from GBX 3,550 ($46.38) to GBX 3,675 ($48.01) in a report issued on Friday, Price Targets.com reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 0.05% from the stock’s current price.
A number of other equities research analysts have also commented on SDR. JPMorgan Chase & Co. raised their price objective on Schroders from GBX 3,485 ($45.53) to GBX 3,900 ($50.95) and gave the stock a “neutral” rating in a research report on Friday. restated a “neutral” rating and set a GBX 3,650 ($47.69) price objective on shares of Schroders in a research report on Tuesday, June 8th. Finally, Royal Bank of Canada upgraded Schroders to a “sector perform” rating and lifted their price target for the company from GBX 3,000 ($39.20) to GBX 3,400 ($44.42) in a report on Wednesday, July 21st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,487 ($45.56).
SDR traded up GBX 16 ($0.21) during trading on Friday, reaching GBX 3,673 ($47.99). The company had a trading volume of 95,486 shares, compared to its average volume of 226,241. Schroders has a 12-month low of GBX 2,585 ($33.77) and a 12-month high of GBX 3,710 ($48.47). The firm has a market capitalization of £10.38 billion and a P/E ratio of 21.70. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of 9.72. The company has a 50-day moving average of GBX 3,577.21.
In other Schroders news, insider Richard Keers sold 6,513 shares of Schroders stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of GBX 3,650 ($47.69), for a total value of £237,724.50 ($310,588.58). Also, insider Michael W. R. Dobson sold 12,624 shares of Schroders stock in a transaction that occurred on Friday, May 14th. The stock was sold at an average price of GBX 3,550 ($46.38), for a total value of £448,152 ($585,513.46). Over the last 90 days, insiders sold 81,513 shares of company stock valued at $291,424,770.
About Schroders
Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.
Further Reading: Dual Listing