Schroders plc Receives Average Recommendation of “Buy” from Brokerages (LON:SDR)
Schroders plc (LON:SDR) has been given an average recommendation of “Buy” by the eighteen analysts that are currently covering the company, StockRatingsNetwork reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,859.82 ($47.46).
A number of research firms have recently commented on SDR. Analysts at Canaccord Genuity cut their price target on shares of Schroders plc from GBX 2,800 ($46.47) to GBX 2,700 ($44.81) in a research note on Wednesday, August 27th. They now have a “buy” rating on the stock. Separately, analysts at Espirito Santo Investment Bank Research cut their price target on shares of Schroders plc from GBX 2,991 ($49.63) to GBX 2,969 ($49.27) in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, 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 ($44.84) price target on the stock.
Shares of Schroders plc (LON:SDR) opened at 2458.00 on Friday. Schroders plc has a 1-year low of GBX 2175.00 and a 1-year high of GBX 2765.00. The stock has a 50-day moving average of GBX 2395.62 and a 200-day moving average of GBX 2538.09. The company’s market cap is £6.629 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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