Schroders plc (SDR) PT Raised to GBX 2,850 at BNP Paribas
Schroders plc (LON:SDR) had its price target boosted by equities research analysts at BNP Paribas from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) in a research report issued to clients and investors on Tuesday. The firm currently has a “neutral” rating on the stock. BNP Paribas’ target price would indicate a potential upside of 2.93% from the company’s previous close.
Other analysts also recently issued reports about the company. Numis Securities Ltd reissued a “buy” rating and set a GBX 3,556 ($44.01) price objective on shares of Schroders plc in a research report on Friday, September 2nd. JPMorgan Chase & Co. raised their price objective on Schroders plc from GBX 2,600 ($32.18) to GBX 3,000 ($37.13) and gave the stock an “overweight” rating in a research report on Friday, July 29th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,790 ($34.53) price objective on shares of Schroders plc in a research report on Tuesday, July 12th. Barclays PLC raised their price objective on Schroders plc from GBX 2,400 ($29.70) to GBX 2,800 ($34.65) and gave the stock an “equal weight” rating in a research report on Thursday, July 21st. Finally, Shore Capital reissued a “buy” rating on shares of Schroders plc in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 2,874.50 ($35.58).
Shares of Schroders plc (LON:SDR) opened at 2799.00 on Tuesday. The stock’s market capitalization is GBX 7.68 billion. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,067.00. The firm’s 50 day moving average is GBX 2,747.00 and its 200 day moving average is GBX 2,609.26.
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The firm also recently announced a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were paid a dividend of GBX 29 ($0.36) per share. This represents a yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
In related news, insider Tosato,Massimo sold 6,410 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of GBX 2,703 ($33.45), for a total transaction of £173,262.30 ($214,433.54).
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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