Schroders plc (SDR) Receives Consensus Recommendation of “Hold” from Analysts
Schroders plc (LON:SDR) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 3,403.93 ($43.96).
Several brokerages recently commented on SDR. Macquarie upgraded Schroders plc to a “neutral” rating and set a GBX 3,031 ($39.15) target price on the stock in a report on Tuesday, August 29th. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a report on Tuesday, August 15th. Citigroup Inc. cut Schroders plc to a “neutral” rating and set a GBX 3,760 ($48.56) target price on the stock. in a report on Monday, July 31st. Credit Suisse Group upped their target price on Schroders plc from GBX 3,457 ($44.65) to GBX 3,800 ($49.08) and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, J P Morgan Chase & Co upped their target price on Schroders plc from GBX 3,650 ($47.14) to GBX 3,750 ($48.43) and gave the company an “overweight” rating in a report on Friday, July 28th.
In other news, insider Richard Keers bought 10 shares of the stock in a transaction dated Monday, June 12th. The shares were bought at an average cost of GBX 3,139 ($40.54) per share, with a total value of £313.90 ($405.40). Also, insider Peter Harrison sold 4,427 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of GBX 3,141 ($40.57), for a total value of £139,052.07 ($179,584.23). Insiders have bought 24 shares of company stock worth $77,933 over the last ninety days.
Shares of Schroders plc (LON:SDR) opened at 3273.00 on Friday. Schroders plc has a one year low of GBX 2,621.00 and a one year high of GBX 3,522.00. The firm’s market capitalization is GBX 9.01 billion. The firm’s 50-day moving average is GBX 3,391.27 and its 200 day moving average is GBX 3,204.15.
The company also recently announced a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th will be given a dividend of GBX 34 ($0.44) per share. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, August 17th.
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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