Schroders plc Upgraded to “Outperform” at Macquarie (SDR)
Schroders plc (LON:SDR) was upgraded by research analysts at Macquarie to an “outperform” rating in a report released on Thursday, Stock Ratings Network reports. The firm currently has a GBX 3,050 ($48.93) price target on the stock. Macquarie’s target price would suggest a potential upside of 18.03% from the company’s current price.
Schroders plc (LON:SDR) traded up 3.65% on Thursday, hitting GBX 2584.00. 301,818 shares of the company’s stock traded hands. Schroders plc has a one year low of GBX 1505.00 and a one year high of GBX 2639.00. The stock’s 50-day moving average is GBX 2433.59 and its 200-day moving average is GBX 2314.. The company’s market cap is £7.005 billion.
SDR has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Schroders plc from GBX 2,543 ($40.80) to GBX 2,624 ($42.10) in a research note to investors on Friday, October 4th. They now have an “overweight” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Schroders plc from an “add” rating to a “hold” rating in a research note to investors on Wednesday, October 2nd. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Schroders plc in a research note to investors on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. Schroders plc presently has a consensus rating of “Hold” and an average price target of GBX 2,304.26 ($36.97).
Schroders PLC is a United Kingdom-based firm that is engaged in asset management. The Firm manages EUR 211.
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