Schroders plc Price Target Cut to GBX 2,969 (SDR)
Espirito Santo Investment Bank Research decreased their price target on shares of Schroders plc (LON:SDR) from GBX 2,991 ($50.33) to GBX 2,969 ($49.96) in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Espirito Santo Investment Bank Research’s price objective would suggest a potential upside of 33.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Schroders plc in a research note on Friday. They now have a GBX 2,702 ($45.47) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Schroders plc in a research note on Tuesday. They now have a GBX 2,960 ($49.81) price target on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of Schroders plc from GBX 3,050 ($51.32) to GBX 2,900 ($48.80) in a research note on Tuesday. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 2,853.72 ($48.02).
Shares of Schroders plc (LON:SDR) opened at 2179.00 on Friday. Schroders plc has a 52-week low of GBX 2265.00 and a 52-week high of GBX 2765.00. The stock has a 50-day moving average of GBX 2475.64 and a 200-day moving average of GBX 2558.89. The company’s market cap is £5.877 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 25th. Stockholders of record on Wednesday, August 13th will be paid a dividend of GBX 24 ($0.40) per share. This represents a dividend yield of 1%. The ex-dividend date 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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