Schroders plc Price Target Raised to GBX 2,500 at Jefferies Group (SDR)
Research analysts at Jefferies Group hoisted their price target on shares of Schroders plc (LON:SDR) from GBX 2,300 ($39.06) to GBX 2,500 ($42.45) in a report released on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 7.34% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Schroders plc in a research note on Thursday. They now have a GBX 2,900 ($49.24) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Schroders plc in a research note on Thursday. They now have a GBX 2,800 ($47.55) price target on the stock. Finally, analysts at Canaccord Genuity upgraded shares of Schroders plc to a “buy” rating in a research note on Thursday. They now have a GBX 2,800 ($47.55) price target on the stock. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 2,880.89 ($48.92).
Shares of Schroders plc (LON:SDR) traded down 2.55% on Friday, hitting GBX 2329.00. The stock had a trading volume of 678,318 shares. Schroders plc has a one year low of GBX 2265.00 and a one year high of GBX 2765.00. The stock has a 50-day moving average of GBX 2506. and a 200-day moving average of GBX 2566.. The company’s market cap is £6.281 billion.
The company also recently declared a dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 24 ($0.41) per share. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, August 13th.
Schroders plc (LON:SDR) is the parent company of an international asset management and private banking group.
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