Schroders plc (LON:SDR – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 528.91 and traded as high as GBX 586. Schroders shares last traded at GBX 585.50, with a volume of 107,436,156 shares.
Wall Street Analysts Forecast Growth
Separately, Citigroup cut Schroders to a “neutral” rating and raised their target price for the stock from GBX 460 to GBX 590 in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Schroders has a consensus rating of “Moderate Buy” and a consensus price target of GBX 453.33.
View Our Latest Stock Analysis on SDR
Schroders Stock Performance
Insiders Place Their Bets
In related news, insider Richard Oldfield purchased 44 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of GBX 581 per share, with a total value of £255.64. Insiders acquired 268 shares of company stock worth $155,803 in the last quarter. 1.72% of the stock is currently owned by insiders.
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.
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