Schroders plc (SDR) Given New GBX 3,640 Price Target at Berenberg Bank
Schroders plc (LON:SDR) had its target price hoisted by equities researchers at Berenberg Bank from GBX 3,580 ($47.57) to GBX 3,640 ($48.37) in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 4.45% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a report on Thursday, July 27th. Liberum Capital increased their target price on shares of Schroders plc from GBX 2,789 ($37.06) to GBX 3,387 ($45.00) and gave the stock a “hold” rating in a report on Wednesday, July 12th. Credit Suisse Group reiterated an “outperform” rating on shares of Schroders plc in a report on Friday, July 21st. Barclays PLC reiterated an “underweight” rating and set a GBX 3,000 ($39.86) target price on shares of Schroders plc in a report on Friday, July 28th. Finally, Numis Securities Ltd lowered shares of Schroders plc to a “hold” rating and reduced their target price for the stock from GBX 3,750 ($49.83) to GBX 3,560 ($47.30) in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 3,375.87 ($44.86).
Shares of Schroders plc (SDR) traded up 0.37% during trading on Thursday, reaching GBX 3485.00. 417,414 shares of the company traded hands. Schroders plc has a 52 week low of GBX 2,712.42 and a 52 week high of GBX 3,522.00. The company’s market capitalization is GBX 9.60 billion. The firm’s 50 day moving average price is GBX 3,367.68 and its 200-day moving average price is GBX 3,263.60.
In related news, insider Michael W. R. Dobson sold 213,389 shares of the stock in a transaction on 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).
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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