Schroders plc (SDR) Downgraded to “Underperform” at Macquarie
Schroders plc (LON:SDR) was downgraded by analysts at Macquarie to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a GBX 2,214 ($27.40) price objective on the stock, down from their prior price objective of GBX 2,314 ($28.64). Macquarie’s price target indicates a potential downside of 20.35% from the company’s current price.
A number of other research firms have also recently weighed in on SDR. Numis Securities Ltd upped their price target on Schroders plc from GBX 3,556 ($44.01) to GBX 3,685 ($45.61) and gave the stock a “buy” rating in a report on Wednesday, October 5th. BNP Paribas upped their price target on Schroders plc from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) and gave the stock a “neutral” rating in a report on Tuesday, October 11th. Liberum Capital cut Schroders plc to a “hold” rating and increased their target price for the company from GBX 2,399 ($29.69) to GBX 2,789 ($34.52) in a report on Friday, August 19th. JPMorgan Chase & Co. increased their target price on Schroders plc from GBX 3,000 ($37.13) to GBX 3,200 ($39.60) and gave the company an “overweight” rating in a report on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. increased their target price on Schroders plc from GBX 2,930 ($36.26) to GBX 3,000 ($37.13) and gave the company a “neutral” rating in a report on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 2,874.50 ($35.58).
Shares of Schroders plc (LON:SDR) opened at 2762.00 on Monday. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,067.00. The company’s market capitalization is GBX 7.58 billion. The company’s 50 day moving average price is GBX 2,749.89 and its 200-day moving average price is GBX 2,613.44.
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The business also recently declared a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were given a GBX 29 ($0.36) dividend. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.15%.
In other 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 ($33.45), for a total value of £173,262.30 ($214,433.54). Also, insider Massimo Tosato purchased 10 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was bought at an average price of GBX 2,763 ($34.20) per share, with a total value of £276.30 ($341.96).
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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