Schroders plc (SDR) Receives “Outperform” Rating from Credit Suisse Group
Schroders plc (LON:SDR)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a research note issued on Friday.
A number of other equities research analysts have also weighed in on SDR. UBS AG restated a “buy” rating and set a GBX 3,300 ($43.09) price target on shares of Schroders plc in a research note on Tuesday, April 4th. Barclays PLC lowered Schroders plc to an “underweight” rating and dropped their price target for the stock from GBX 3,200 ($41.79) to GBX 2,975 ($38.85) in a research note on Thursday. Liberum Capital boosted their price target on Schroders plc from GBX 2,789 ($36.42) to GBX 3,387 ($44.23) and gave the stock a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC boosted their price target on Schroders plc from GBX 3,450 ($45.05) to GBX 3,593 ($46.92) and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada upgraded Schroders plc to an “outperform” rating and boosted their price target for the stock from GBX 3,300 ($43.09) to GBX 3,400 ($44.40) in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Schroders plc presently has an average rating of “Hold” and an average price target of GBX 3,239.79 ($42.31).
Shares of Schroders plc (LON:SDR) opened at 3344.00 on Friday. The company’s 50-day moving average is GBX 3,172.08 and its 200 day moving average is GBX 3,109.21. The stock’s market capitalization is GBX 9.20 billion. Schroders plc has a 12 month low of GBX 2,493.00 and a 12 month high of GBX 3,363.00.
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In other Schroders plc news, insider Michael W. R. Dobson sold 4,496 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of GBX 3,169 ($41.38), for a total value of £142,478.24 ($186,051.50). Also, insider Peter Harrison sold 4,427 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of GBX 3,141 ($41.02), for a total value of £139,052.07 ($181,577.53). Insiders acquired 24 shares of company stock valued at $76,694 over the last three months.
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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