Schroders plc (SDR) Earns Hold Rating from Shore Capital
Schroders plc (LON:SDR)‘s stock had its “hold” rating reissued by investment analysts at Shore Capital in a report released on Thursday.
A number of other brokerages also recently commented on SDR. Liberum Capital restated a “hold” rating and issued a GBX 3,564 ($47.36) price objective on shares of Schroders plc in a research report on Thursday. Berenberg Bank raised their price objective 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 research report on Thursday. Credit Suisse Group raised their price objective on shares of Schroders plc from GBX 3,457 ($45.93) to GBX 3,800 ($50.49) and gave the company an “outperform” rating in a research report on Friday, July 28th. J P Morgan Chase & Co raised their price objective on shares of Schroders plc from GBX 3,650 ($48.50) to GBX 3,750 ($49.83) and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Barclays PLC restated an “underweight” rating and issued a GBX 3,000 ($39.86) price objective on shares of Schroders plc in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 3,375.87 ($44.86).
Shares of Schroders plc (LON:SDR) traded up 0.37% during trading on Thursday, hitting GBX 3485.00. The company had a trading volume of 417,414 shares. The stock’s 50-day moving average is GBX 3,367.68 and its 200 day moving average is GBX 3,263.60. The firm’s market capitalization is GBX 9.60 billion. Schroders plc has a 52-week low of GBX 2,712.42 and a 52-week high of GBX 3,522.00.
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In other Schroders plc news, insider Michael W. R. Dobson sold 213,389 shares of the 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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