Berenberg Bank Upgrades Schroders plc to Buy (SDR)
Schroders plc (LON:SDR) was upgraded by investment analysts at Berenberg Bank to a “buy” rating in a note issued to investors on Friday, Stock Ratings News reports. The firm currently has a GBX 3,050 ($50.26) price objective on the stock, up from their previous price objective of GBX 2,550 ($42.02). Berenberg Bank’s price objective would indicate a potential upside of 23.63% from the company’s current price.
SDR has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Schroders plc in a research note to investors on Friday, January 24th. They now have a GBX 2,500 ($41.19) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Schroders plc from GBX 2,550 ($42.02) to GBX 2,810 ($46.30) in a research note to investors on Monday, January 20th. They now have a “neutral” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Schroders plc in a research note to investors on Friday, January 17th. They now have a GBX 3,040 ($50.09) price target on the stock. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,487.99 ($41.00).
Schroders plc (LON:SDR) traded down 0.64% on Friday, hitting GBX 2467.00. 249,563 shares of the company’s stock traded hands. Schroders plc has a 52-week low of GBX 1906.00 and a 52-week high of GBX 2708.00. The stock has a 50-day moving average of GBX 2544. and a 200-day moving average of GBX 2510.41. The company’s market cap is £6.688 billion.
Schroders PLC is a United Kingdom-based firm that is engaged in asset management. The Firm manages EUR 211.
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