Schroders plc (SDRC) Stock Rating Reaffirmed by Numis Securities Ltd
Schroders plc (LON:SDRC)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They presently have a GBX 2,948 ($38.48) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 44.23% from the company’s previous close.
Shares of Schroders plc (LON:SDRC) traded down 1.45% during midday trading on Wednesday, reaching GBX 2044.00. 17,821 shares of the company were exchanged. The stock’s market capitalization is GBX 5.61 billion. Schroders plc has a 12-month low of GBX 1,492.00 and a 12-month high of GBX 2,364.00. The company has a 50 day moving average price of GBX 2,051.81 and a 200-day moving average price of GBX 1,979.74.
About Schroders plc
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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