Analysts Set Schroders plc (LON:SDR) PT at $2,854.57
Shares of Schroders plc (LON:SDR) have received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,854.57 ($37.26).
A number of research analysts recently commented on the stock. Jefferies Group dropped their target price on shares of Schroders plc from GBX 3,103 ($40.50) to GBX 2,705 ($35.31) and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Liberum Capital lowered their price objective on shares of Schroders plc from GBX 2,487 ($32.46) to GBX 2,399 ($31.31) and set a “hold” rating on the stock in a research report on Friday, June 10th. Shore Capital reissued a “buy” rating on shares of Schroders plc in a research report on Thursday, July 28th. BNP Paribas reissued a “neutral” rating and set a GBX 2,600 ($33.94) price objective on shares of Schroders plc in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Schroders plc from GBX 3,000 ($39.16) to GBX 3,200 ($41.77) and gave the stock an “overweight” rating in a research report on Tuesday, September 13th.
In related news, insider Tosato,Massimo acquired 10 shares of Schroders plc stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average price of GBX 2,702 ($35.27) per share, for a total transaction of £270.20 ($352.70).
Schroders plc (LON:SDR) opened at 2696.00 on Wednesday. The company’s market capitalization is GBX 7.40 billion. The company has a 50-day moving average price of GBX 2,743.24 and a 200 day moving average price of GBX 2,607.74. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,067.00.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were paid a GBX 29 ($0.38) dividend. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
Schroders plc Company Profile
Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, which consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives; Distribution, which employs people globally, specialising in sales, client service, marketing, product development and product management, and serving institutional and intermediary sales channels, and Infrastructure, which employs people in the information technology, operations, finance, risk management, human resources, legal, compliance and internal audit.
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