Schroders (LON:SDR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Schroders plc (LON:SDR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 555.07 and traded as high as GBX 588.50. Schroders shares last traded at GBX 588, with a volume of 2,119,362 shares.

Analysts Set New Price Targets

Separately, Citigroup lowered Schroders to a “neutral” rating and upped their target price for the company from GBX 460 to GBX 590 in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Schroders presently has an average rating of “Moderate Buy” and an average price target of GBX 453.33.

Schroders Stock Performance

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 stock has a market capitalization of £9.17 billion, a PE ratio of 17.50, a PEG ratio of 1.28 and a beta of 1.08. The stock’s 50 day simple moving average is GBX 584.83 and its two-hundred day simple moving average is GBX 555.07.

Insider Buying and Selling

In other news, insider Richard Oldfield acquired 44 shares of Schroders stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of GBX 581 per share, with a total value of £255.64. Insiders purchased a total of 173 shares of company stock valued at $100,798 in the last quarter. 1.72% of the stock is currently owned by corporate insiders.

About Schroders

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.