Schroders plc Receives Average Recommendation of “Buy” from Brokerages (LON:SDR)
Shares of Schroders plc (LON:SDR) have been given a consensus recommendation of “Buy” by the twenty brokerages that are currently covering the company, Stock Ratings News reports. Eight investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 2,912.24 ($49.45).
SDR has been the subject of a number of recent research reports. Analysts at Societe Generale reiterated a “hold” rating on shares of Schroders plc in a research note on Monday. They now have a GBX 2,800 ($47.55) price target on the stock. Separately, analysts at RBC Capital upgraded shares of Schroders plc to an “outperform” rating in a research note on Monday, July 21st. They now have a GBX 2,800 ($47.55) price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Schroders plc in a research note on Wednesday, July 16th. They now have a GBX 3,133 ($53.20) price target on the stock.
Schroders plc (LON:SDR) traded up 0.76% during mid-day trading on Tuesday, hitting GBX 2513.00. 122,440 shares of the company’s stock traded hands. Schroders plc has a one year low of GBX 2265.00 and a one year high of GBX 2765.00. The stock’s 50-day moving average is GBX 2527.56 and its 200-day moving average is GBX 2571.11. The company’s market cap is £6.876 billion.
Schroders plc (LON:SDR) is the parent company of an international asset management and private banking group.
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