Schroders plc’s Outperform Rating Reaffirmed at Macquarie (SDR)
Schroders plc (LON:SDR)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a research report issued on Friday, AnalystRatingsNetwork reports. They currently have a GBX 3,040 ($50.10) target price on the stock. Macquarie’s price target would indicate a potential upside of 18.43% from the stock’s previous close.
Shares of Schroders plc (LON:SDR) traded down 0.16% on Friday, hitting GBX 2563.00. The stock had a trading volume of 217,524 shares. Schroders plc has a 52 week low of GBX 1877.00 and a 52 week high of GBX 2708.00. The stock has a 50-day moving average of GBX 2519.42 and a 200-day moving average of GBX 2496.38. The company’s market cap is £6.948 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 2,791 ($46.00) to GBX 2,802 ($46.18) in a research note to investors on Friday, January 10th. They now have an “overweight” rating on the stock. Separately, analysts at Barclays upgraded shares of Schroders plc to an “overweight” rating in a research note to investors on Friday, January 3rd. They now have a GBX 3,010 ($49.60) price target on the stock, up previously from GBX 2,150 ($35.43). Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Schroders plc in a research note to investors on Monday, December 9th. They now have a GBX 2,790 ($45.98) price target on the stock. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Schroders plc presently has an average rating of “Hold” and a consensus price target of GBX 2,434.20 ($40.12).
Schroders PLC is a United Kingdom-based firm that is engaged in asset management. The Firm manages EUR 211.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.