Schroders (LON:SDR) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Schroders plc (LON:SDR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 379.26 and traded as high as GBX 387.40. Schroders shares last traded at GBX 387.20, with a volume of 2,731,688 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SDR shares. UBS Group reiterated a “buy” rating and set a GBX 455 price target on shares of Schroders in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on Schroders from GBX 400 to GBX 420 and gave the company a “hold” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on Schroders from GBX 386 to GBX 395 and gave the stock a “neutral” rating in a report on Monday, October 20th. Royal Bank Of Canada upped their price target on Schroders from GBX 435 to GBX 440 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 390 price objective on shares of Schroders in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Schroders currently has an average rating of “Hold” and an average target price of GBX 409.57.

Schroders Stock Performance

The firm has a market cap of £6.00 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90. The business’s 50-day simple moving average is GBX 384.61 and its 200 day simple moving average is GBX 379.26.

Insider Activity at Schroders

In other news, insider Richard Oldfield acquired 68 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was bought at an average price of GBX 372 per share, with a total value of £252.96. Insiders acquired a total of 350 shares of company stock valued at $134,720 over the last three months. Insiders own 84.44% of the company’s stock.

About Schroders

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.