Schroders plc (LON:SDR) Receives Average Recommendation of “Hold” from Analysts
Schroders plc (LON:SDR) has earned a consensus recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 3,349.47 ($43.48).
SDR has been the subject of a number of recent research reports. J P Morgan Chase & Co lifted their price objective on shares of Schroders plc from GBX 3,600 ($46.74) to GBX 3,650 ($47.38) and gave the company an “overweight” rating in a research note on Friday, April 28th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 3,738 ($48.53) price objective on shares of Schroders plc in a research note on Wednesday, May 3rd. Berenberg Bank initiated coverage on shares of Schroders plc in a research note on Thursday, June 15th. They issued a “buy” rating and a GBX 3,580 ($46.48) price objective for the company. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a research note on Thursday, April 27th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 3,000 ($38.95) price objective on shares of Schroders plc in a research note on Tuesday, July 18th.
In other Schroders plc news, insider Peter Harrison sold 4,427 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of GBX 3,141 ($40.78), for a total value of £139,052.07 ($180,516.77). Also, insider Richard Keers purchased 10 shares of the stock in a transaction on Monday, June 12th. The stock was acquired at an average cost of GBX 3,139 ($40.75) per share, with a total value of £313.90 ($407.50). Insiders acquired 24 shares of company stock valued at $77,933 over the last three months.
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Shares of Schroders plc (LON SDR) opened at 3405.00 on Tuesday. The company’s market capitalization is GBX 9.38 billion. Schroders plc has a 52 week low of GBX 2,621.00 and a 52 week high of GBX 3,522.00. The company has a 50 day moving average price of GBX 3,306.78 and a 200 day moving average price of GBX 3,157.93.
The business also recently disclosed a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th will be issued a dividend of GBX 34 ($0.44) per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 17th.
Schroders plc Company Profile
Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.
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