Schroders plc Receives “Overweight” Rating from Barclays (SDR)
Schroders plc (LON:SDR)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a note issued to investors on Friday. They currently have a GBX 3,100 ($51.97) price objective on the stock. Barclays’ target price would suggest a potential upside of 18.77% from the company’s current price.
Shares of Schroders plc (LON:SDR) traded up 2.53% on Friday, hitting GBX 2676.00. 180,993 shares of the company’s stock traded hands. Schroders plc has a 52-week low of GBX 2036.00 and a 52-week high of GBX 2765.00. The stock has a 50-day moving average of GBX 2578.13 and a 200-day moving average of GBX 2561.56. The company’s market cap is £7.322 billion.
A number of other firms have also recently commented on SDR. Analysts at Liberum Capital initiated coverage on shares of Schroders plc in a research note on Thursday. They set a “buy” rating and a GBX 2,879 ($48.26) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research initiated coverage on shares of Schroders plc in a research note on Tuesday. They set a “buy” rating and a GBX 2,991 ($50.14) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Schroders plc in a research note on Thursday, May 22nd. They now have a GBX 2,596 ($43.52) price target on the stock. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 2,914.69 ($48.86).
Schroders plc (LON:SDR) is the parent company of an international asset management and private banking group.
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