Numis Securities Ltd reiterated their buy rating on shares of Schroders plc (LON:SDRC) in a research report released on Wednesday. The firm currently has a GBX 2,948 ($38.48) target price on the stock.

Schroders plc (LON:SDRC) traded up 0.48% on Wednesday, reaching GBX 2099.00. 25,574 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 2,052.25 and a 200 day moving average of GBX 1,978.02. The stock’s market capitalization is GBX 5.76 billion. Schroders plc has a 12 month low of GBX 1,492.00 and a 12 month high of GBX 2,364.00.

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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