Schroders plc (SDR) Price Target Raised to GBX 3,685
Schroders plc (LON:SDR) had its price target increased by equities researchers at Numis Securities Ltd from GBX 3,556 ($46.42) to GBX 3,685 ($48.10) in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 30.86% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Jefferies Group cut their price target on shares of Schroders plc from GBX 3,103 ($40.50) to GBX 2,705 ($35.31) and set a “buy” rating for the company in a report on Tuesday, July 5th. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 2,800 ($36.55) price target on shares of Schroders plc in a report on Monday, July 4th. Shore Capital reissued a “buy” rating on shares of Schroders plc in a report on Thursday, July 28th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 2,399 ($31.31) target price on shares of Schroders plc in a research note on Thursday, July 28th. Finally, Barclays PLC boosted their target price on shares of Schroders plc from GBX 2,400 ($31.33) to GBX 2,800 ($36.55) and gave the stock an “equal weight” rating in a research note on Thursday, July 21st. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Schroders plc has a consensus rating of “Hold” and a consensus price target of GBX 2,863.79 ($37.38).
Schroders plc (LON:SDR) opened at 2812.00 on Wednesday. The firm has a 50-day moving average of GBX 2,744.78 and a 200 day moving average of GBX 2,607.50. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,067.00. The company’s market cap is GBX 7.72 billion.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were paid a dividend of GBX 29 ($0.38) per share. This represents a yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
In other news, insider Tosato,Massimo sold 6,410 shares of Schroders plc stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of GBX 2,703 ($35.28), for a total transaction of £173,262.30 ($226,161.47).
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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