Schroders plc (SDR) Rating Reiterated by Macquarie
Schroders plc (LON:SDR)‘s stock had its “underperform” rating reiterated by research analysts at Macquarie in a research note issued to investors on Friday. They currently have a GBX 2,214 ($28.90) price objective on the stock. Macquarie’s price objective points to a potential downside of 21.04% from the company’s current price.
Other analysts have also issued reports about the stock. BNP Paribas reiterated a “neutral” rating and set a GBX 2,550 ($33.29) price target on shares of Schroders plc in a research note on Monday, June 27th. Royal Bank Of Canada cut their price target on shares of Schroders plc from GBX 3,000 ($39.16) to GBX 2,900 ($37.85) and set an “outperform” rating on the stock in a research note on Friday, July 15th. Liberum Capital lowered shares of Schroders plc to a “hold” rating and boosted their price target for the stock from GBX 2,399 ($31.31) to GBX 2,789 ($36.41) in a research note on Friday, August 19th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 2,800 ($36.55) price target on shares of Schroders plc in a research note on Friday, July 15th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 3,368 ($43.96) target price on shares of Schroders plc in a research note on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,856.64 ($37.29).
Schroders plc (LON:SDR) traded down 1.21% during trading on Friday, reaching GBX 2770.00. 536,241 shares of the company’s stock were exchanged. The stock’s market capitalization is GBX 7.60 billion. The stock has a 50-day moving average of GBX 2,746.38 and a 200-day moving average of GBX 2,610.50. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,067.00.
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The firm also recently declared a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were issued a GBX 29 ($0.38) dividend. This represents a yield of 1.15%. The ex-dividend date was Thursday, August 18th.
In related news, insider Tosato,Massimo sold 6,410 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of GBX 2,703 ($35.28), for a total value of £173,262.30 ($226,161.47).
Schroders plc Company Profile
Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, which consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives; Distribution, which employs people globally, specialising in sales, client service, marketing, product development and product management, and serving institutional and intermediary sales channels, and Infrastructure, which employs people in the information technology, operations, finance, risk management, human resources, legal, compliance and internal audit.
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