Schroders plc (SDR) Receives Average Rating of “Hold” from Analysts
Shares of Schroders plc (LON:SDR) have been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 3,375.87 ($44.55).
Several brokerages have recently issued reports on SDR. Liberum Capital restated a “hold” rating and issued a GBX 3,564 ($47.03) target price on shares of Schroders plc in a report on Thursday, October 19th. Numis Securities Ltd increased their price target on shares of Schroders plc from GBX 3,560 ($46.98) to GBX 3,725 ($49.16) and gave the stock a “hold” rating in a research note on Thursday, October 19th. Berenberg Bank increased their price target on shares of Schroders plc from GBX 3,580 ($47.24) to GBX 3,640 ($48.03) and gave the stock a “buy” rating in a research note on Thursday, October 19th. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a research note on Thursday, October 19th. Finally, Credit Suisse Group increased their price target on shares of Schroders plc from GBX 3,457 ($45.62) to GBX 3,800 ($50.15) and gave the stock an “outperform” rating in a research note on Friday, July 28th.
In other Schroders plc news, insider Michael W. R. Dobson sold 213,389 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($45.63), for a total transaction of £7,378,991.62 ($9,737,386.67).
Schroders plc (LON:SDR) opened at 3464.00 on Friday. The firm has a 50 day moving average of GBX 3,386.78 and a 200-day moving average of GBX 3,277.49. The stock’s market cap is GBX 9.54 billion. Schroders plc has a 12-month low of GBX 2,712.42 and a 12-month high of GBX 3,535.00.
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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