Schroders (LON:SDR) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Schroders plc (LON:SDR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 408 and traded as high as GBX 588. Schroders shares last traded at GBX 586.65, with a volume of 8,200,994 shares traded.

Analyst Upgrades and Downgrades

SDR has been the topic of several recent research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Schroders in a report on Friday, January 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 420 target price on shares of Schroders in a research report on Friday, January 9th. Royal Bank Of Canada increased their target price on Schroders from GBX 435 to GBX 440 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Citigroup reduced their price target on Schroders from GBX 435 to GBX 430 and set a “buy” rating on the stock in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 413.86.

Schroders Stock Up 0.1%

The firm has a fifty day simple moving average of GBX 451.98 and a 200-day simple moving average of GBX 408. The company has a market capitalization of £9.10 billion, a PE ratio of 26.31, 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.

Schroders (LON:SDR) last released its quarterly earnings results on Thursday, February 12th. The company reported GBX 36.60 earnings per share for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. Equities research analysts anticipate that Schroders plc will post 33.7347131 EPS for the current fiscal year.

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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.