Schroders (LON:SDR) Shares Cross Above 200 Day Moving Average – What’s Next?

Schroders plc (LON:SDR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 380.83 and traded as high as GBX 390.60. Schroders shares last traded at GBX 387, with a volume of 111,919,875 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SDR shares. JPMorgan Chase & Co. upped 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 objective on Schroders from GBX 435 to GBX 440 and gave the stock a “buy” rating in a research note on Thursday, October 30th. UBS Group reissued a “buy” rating and issued a GBX 455 target price on shares of Schroders in a research note on Friday, October 17th. Citigroup dropped their price target on shares of Schroders from GBX 435 to GBX 430 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Schroders from GBX 400 to GBX 420 and gave the company a “hold” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 409.57.

Schroders Price Performance

The company has a 50 day moving average price of GBX 386.37 and a 200 day moving average price of GBX 380.83. The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The company has a market capitalization of £6.00 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.28 and a beta of 1.17.

Schroders Company Profile

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.