Schroders plc (SDR) Given “Outperform” Rating at Credit Suisse Group
Schroders plc (LON:SDR)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a report issued on Tuesday. They presently have a GBX 3,800 ($49.98) price target on the stock. Credit Suisse Group’s target price would suggest a potential upside of 9.38% from the company’s current price.
A number of other research firms have also recently commented on SDR. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a report on Thursday, October 19th. Berenberg Bank upped their price objective on Schroders plc from GBX 3,580 ($47.09) to GBX 3,640 ($47.88) and gave the company a “buy” rating in a report on Thursday, October 19th. Liberum Capital reiterated a “hold” rating and issued a GBX 3,564 ($46.88) price objective on shares of Schroders plc in a report on Thursday, October 19th. Numis Securities Ltd upped their price objective on Schroders plc from GBX 3,560 ($46.82) to GBX 3,725 ($48.99) and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, J P Morgan Chase & Co upped their price objective on Schroders plc from GBX 3,650 ($48.01) to GBX 3,750 ($49.32) and gave the company an “overweight” rating in a 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 given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 3,375.87 ($44.40).
Schroders plc (LON:SDR) traded down GBX 16 ($0.21) on Tuesday, reaching GBX 3,474 ($45.69). The company had a trading volume of 246,755 shares, compared to its average volume of 308,013. Schroders plc has a 12-month low of GBX 2,712.42 ($35.68) and a 12-month high of GBX 3,548 ($46.67).
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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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