Schroders plc (SDR) Receives Underperform Rating from Macquarie
Macquarie restated their underperform rating on shares of Schroders plc (LON:SDR) in a research report released on Friday morning. The firm currently has a GBX 2,214 ($28.90) target price on the stock.
Other research analysts also recently issued research reports about the stock. BNP Paribas reiterated a neutral rating and issued a GBX 2,550 ($33.29) price target on shares of Schroders plc in a research note on Monday, June 27th. Royal Bank Of Canada reduced their price objective on shares of Schroders plc from GBX 3,000 ($39.16) to GBX 2,900 ($37.85) and set an outperform rating for the company in a research report on Friday, July 15th. Liberum Capital cut shares of Schroders plc to a hold rating and lifted their target price for the company from GBX 2,399 ($31.31) to GBX 2,789 ($36.41) in a report on Friday, August 19th. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 2,800 ($36.55) target price on shares of Schroders plc in a report on Friday, July 15th. Finally, Numis Securities Ltd reissued a buy rating and issued a GBX 3,368 ($43.96) price objective on shares of Schroders plc in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 2,856.64 ($37.29).
Schroders plc (LON:SDR) traded down 0.04% during mid-day trading on Friday, hitting GBX 2769.00. 292,089 shares of the stock were exchanged. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,067.00. The firm’s market cap is GBX 7.60 billion. The company has a 50 day moving average price of GBX 2,746.38 and a 200 day moving average price of GBX 2,610.50.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were issued a dividend of GBX 29 ($0.38) per share. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.15%.
In other news, insider Tosato,Massimo sold 6,410 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of GBX 2,703 ($35.28), for a total transaction of £173,262.30 ($226,161.47).
About Schroders plc
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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