Schroders plc Given New GBX 2,700 Price Target at Canaccord Genuity (SDR)
Investment analysts at Canaccord Genuity decreased their target price on shares of Schroders plc (LON:SDR) from GBX 2,800 ($46.33) to GBX 2,700 ($44.68) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 10.97% from the stock’s previous close.
Schroders plc (LON:SDR) opened at 2446.00 on Wednesday. Schroders plc has a one year low of GBX 2175.00 and a one year high of GBX 2765.00. The stock’s 50-day moving average is GBX 2406. and its 200-day moving average is GBX 2543.. The company’s market cap is £6.597 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research cut their price target on shares of Schroders plc from GBX 2,991 ($49.50) to GBX 2,969 ($49.13) in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Schroders plc in a research note on Friday, August 8th. They now have a GBX 2,702 ($44.71) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Schroders plc in a research note on Tuesday, August 5th. They now have a GBX 2,960 ($48.98) price target on the stock. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,859.82 ($47.32).
Schroders plc (LON:SDR) is the parent company of an international asset management and private banking group.
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