Schroders plc (LON:SDR) Downgraded by Barclays PLC to Underweight
Schroders plc (LON:SDR) was downgraded by research analysts at Barclays PLC to an “underweight” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 2,975 ($38.85) price target on the stock, down from their prior price target of GBX 3,200 ($41.79). Barclays PLC’s price objective would indicate a potential downside of 11.03% from the company’s previous close.
Other research analysts have also issued research reports about the stock. UBS AG reissued a “buy” rating and issued a GBX 3,300 ($43.09) price target on shares of Schroders plc in a research report on Tuesday, April 4th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 3,738 ($48.81) price target on shares of Schroders plc in a research report on Thursday, April 27th. Liberum Capital increased their price target on shares of Schroders plc from GBX 2,789 ($36.42) to GBX 3,387 ($44.23) and gave the stock a “hold” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada raised shares of Schroders plc to an “outperform” rating and increased their price target for the stock from GBX 3,300 ($43.09) to GBX 3,400 ($44.40) in a research report on Monday, July 10th. Finally, Jefferies Group LLC increased their price target on shares of Schroders plc from GBX 3,450 ($45.05) to GBX 3,593 ($46.92) and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,239.79 ($42.31).
Schroders plc (SDR) traded down 0.30% during trading on Thursday, hitting GBX 3344.00. The stock had a trading volume of 333,960 shares. The company’s market cap is GBX 7.56 billion. The stock has a 50-day moving average price of GBX 3,172.08 and a 200-day moving average price of GBX 3,109.21. Schroders plc has a 52 week low of GBX 2,493.00 and a 52 week high of GBX 3,361.00.
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In related news, insider Michael W. R. Dobson sold 4,496 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of GBX 3,169 ($41.38), for a total value of £142,478.24 ($186,051.50). Also, insider Richard Keers purchased 10 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average cost of GBX 3,139 ($40.99) per share, with a total value of £313.90 ($409.90). In the last ninety days, insiders have bought 24 shares of company stock valued at $76,694.
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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