Numis Securities Ltd Raises Schroders plc (SDR) Price Target to GBX 3,725
Schroders plc (LON:SDR) had its price objective hoisted by analysts at Numis Securities Ltd from GBX 3,560 ($47.30) to GBX 3,725 ($49.50) in a research report issued on Thursday. The firm presently has a “hold” rating on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 6.34% from the company’s current price.
Several other research analysts have also weighed in on the stock. Shore Capital reissued a “hold” rating on shares of Schroders plc in a report on Thursday. Berenberg Bank lifted their price target on shares of Schroders plc from GBX 3,580 ($47.57) to GBX 3,640 ($48.37) and gave the company a “buy” rating in a report on Thursday. Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,564 ($47.36) price target on shares of Schroders plc in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,700 ($49.16) price target on shares of Schroders plc in a report on Tuesday, October 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,800 ($50.49) price target on shares of Schroders plc in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,425.53 ($45.52).
Shares of Schroders plc (LON:SDR) opened at 3485.00 on Thursday. The stock’s market capitalization is GBX 9.60 billion. The stock has a 50 day moving average of GBX 3,361.05 and a 200-day moving average of GBX 3,260.58. Schroders plc has a one year low of GBX 2,712.42 and a one year high of GBX 3,522.00.
In related news, insider Michael W. R. Dobson sold 213,389 shares of Schroders plc stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($45.95), for a total value of £7,378,991.62 ($9,804,665.98).
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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