Schroders plc (SDR) Receives Consensus Rating of “Hold” from Brokerages
Schroders plc (LON:SDR) has received an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 3,375.87 ($45.78).
Several research firms have weighed in on SDR. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,550 ($48.14) price target on shares of Schroders in a research note on Friday, October 20th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,700 ($50.18) price target on shares of Schroders in a research note on Tuesday, October 3rd. Numis Securities downgraded shares of Schroders to a “hold” rating and lowered their price target for the stock from GBX 3,750 ($50.85) to GBX 3,560 ($48.28) in a research note on Friday, September 22nd. Berenberg Bank boosted their price target on shares of Schroders from GBX 3,580 ($48.55) to GBX 3,640 ($49.36) and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 3,564 ($48.33) price target on shares of Schroders in a research note on Thursday, October 19th.
In related news, insider Michael W. R. Dobson sold 9,822 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of GBX 3,512 ($47.63), for a total transaction of £344,948.64 ($467,790.40). Also, insider Michael W. R. Dobson sold 51,678 shares of the business’s stock in a transaction dated Thursday, November 23rd. The shares were sold at an average price of GBX 3,508 ($47.57), for a total transaction of £1,812,864.24 ($2,458,454.35). Insiders have sold 83,985 shares of company stock worth $294,456,303 in the last quarter.
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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