Numis Securities Ltd Increases Schroders plc (SDR) Price Target to GBX 3,685
Schroders plc (LON:SDR) had its target price boosted by equities researchers at Numis Securities Ltd from GBX 3,556 ($46.42) to GBX 3,685 ($48.10) in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 33.03% from the company’s current price.
A number of other brokerages also recently commented on SDR. Liberum Capital downgraded shares of Schroders plc to a “hold” rating and lifted their price objective for the company from GBX 2,399 ($31.31) to GBX 2,789 ($36.41) in a research report on Friday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Schroders plc from GBX 3,000 ($39.16) to GBX 3,200 ($41.77) and gave the stock an “overweight” rating in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. raised their target price on shares of Schroders plc from GBX 2,930 ($38.25) to GBX 3,000 ($39.16) and gave the stock a “neutral” rating in a research note on Tuesday, September 27th. Panmure Gordon restated a “hold” rating and set a GBX 2,800 ($36.55) target price on shares of Schroders plc in a research note on Thursday, July 28th. Finally, Shore Capital restated a “buy” rating on shares of Schroders plc in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,856.64 ($37.29).
Shares of Schroders plc (LON:SDR) traded down 1.21% during mid-day trading on Wednesday, reaching GBX 2770.00. 536,241 shares of the company’s stock traded hands. The stock’s market cap is GBX 7.60 billion. The firm has a 50 day moving average price of GBX 2,746.38 and a 200-day moving average price of GBX 2,610.50. Schroders plc has a 12 month low of GBX 1,960.00 and a 12 month high of GBX 3,067.00.
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The company also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were given a GBX 29 ($0.38) dividend. This represents a dividend yield of 1.15%. The ex-dividend date was Thursday, August 18th.
In related news, insider Tosato,Massimo purchased 10 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of GBX 2,702 ($35.27) per share, with a total value of £270.20 ($352.70).
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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