Schroders (LON:SDR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Schroders plc (LON:SDR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 503.46 and traded as high as GBX 584. Schroders shares last traded at GBX 583, with a volume of 2,142,802 shares.

Analyst Ratings Changes

Separately, Citigroup cut shares of Schroders to a “neutral” rating and raised their target price for the stock from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Schroders presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 453.33.

Schroders Stock Performance

The stock has a market cap of £9.09 billion, a P/E ratio of 17.35, a PEG ratio of 1.28 and a beta of 1.08. The company has a debt-to-equity ratio of 20.74, a current ratio of 92.37 and a quick ratio of 4.32. The firm’s 50-day moving average price is GBX 579.06 and its 200-day moving average price is GBX 503.46.

Insider Activity

In related news, insider Richard Oldfield acquired 44 shares of Schroders stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of GBX 581 per share, for a total transaction of £255.64. Insiders have purchased a total of 249 shares of company stock worth $144,859 in the last quarter. Company insiders own 1.73% of the company’s stock.

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.