Schroders plc (SDR) Receives “Hold” Rating from Shore Capital
Schroders plc (LON:SDR)‘s stock had its “hold” rating restated by equities research analysts at Shore Capital in a research note issued on Tuesday.
A number of other analysts have also recently commented on SDR. Liberum Capital reaffirmed a “hold” rating and set a GBX 2,750 ($35.70) price target on shares of Schroders plc in a research report on Thursday, April 27th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 3,738 ($48.53) price target on shares of Schroders plc in a research report on Thursday, April 27th. J P Morgan Chase & Co lifted their price target on Schroders plc from GBX 3,600 ($46.74) to GBX 3,650 ($47.38) and gave the stock an “overweight” rating in a research report on Friday, April 28th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 3,180 ($41.28) price target on shares of Schroders plc in a research report on Tuesday, June 13th. Finally, Berenberg Bank started coverage on Schroders plc in a research report on Thursday, June 15th. They set a “buy” rating and a GBX 3,580 ($46.48) price target for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Schroders plc currently has an average rating of “Hold” and a consensus target price of GBX 3,349.47 ($43.48).
Schroders plc (SDR) traded down 0.09% during mid-day trading on Tuesday, reaching GBX 3402.00. The company had a trading volume of 227,503 shares. The firm’s market capitalization is GBX 9.37 billion. Schroders plc has a 52 week low of GBX 2,621.00 and a 52 week high of GBX 3,522.00. The stock’s 50-day moving average price is GBX 3,306.78 and its 200 day moving average price is GBX 3,157.93.
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In related news, insider Richard Keers acquired 10 shares of Schroders plc stock in a transaction on Monday, June 12th. The stock was acquired at an average price of GBX 3,139 ($40.75) per share, for a total transaction of £313.90 ($407.50). Also, insider Michael W. R. Dobson sold 4,496 shares of Schroders plc stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of GBX 3,169 ($41.14), for a total value of £142,478.24 ($184,964.61). Insiders have acquired a total of 24 shares of company stock valued at $77,933 in the last quarter.
About Schroders plc
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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