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

Schroders plc (LON:SDRGet 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

The company has a debt-to-equity ratio of 20.74, a quick ratio of 4.32 and a current ratio of 92.37. The stock has a market cap of £9.13 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.28 and a beta of 1.08. The business’s 50-day moving average price is GBX 582.02 and its 200-day moving average price is GBX 528.91.

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

(Get Free Report)

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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