Schroders plc (LON:SDR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Schroders plc (LON:SDR) have earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 3,239.79 ($42.31).
A number of equities research analysts have commented on SDR shares. BNP Paribas restated a “neutral” rating and set a GBX 2,900 ($37.87) price objective on shares of Schroders plc in a research report on Monday, March 27th. UBS AG restated a “buy” rating and set a GBX 3,300 ($43.09) price objective on shares of Schroders plc in a research report on Tuesday, April 4th. Jefferies Group LLC raised their price objective on Schroders plc from GBX 3,345 ($43.68) to GBX 3,450 ($45.05) and gave the stock a “buy” rating in a research report on Monday, April 10th. Shore Capital restated a “hold” rating on shares of Schroders plc in a research report on Thursday, April 27th. Finally, Liberum Capital restated a “hold” rating and set a GBX 2,750 ($35.91) price objective on shares of Schroders plc in a research report on Thursday, April 27th.
In other news, insider Peter Harrison sold 4,427 shares of Schroders plc stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of GBX 3,141 ($41.02), for a total transaction of £139,052.07 ($181,577.53). Also, insider Richard Keers acquired 10 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were purchased at an average cost of GBX 3,139 ($40.99) per share, for a total transaction of £313.90 ($409.90). Insiders have bought a total of 24 shares of company stock worth $76,694 in the last three months.
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Schroders plc (LON SDR) traded down 0.27% during midday trading on Friday, hitting GBX 3345.00. 148,129 shares of the company traded hands. The stock has a 50 day moving average of GBX 3,167.31 and a 200 day moving average of GBX 3,107.56. Schroders plc has a 12-month low of GBX 2,493.00 and a 12-month high of GBX 3,363.00. The stock’s market cap is GBX 9.20 billion.
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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