Schroders plc (SDR) PT Raised to GBX 2,850 at BNP Paribas
Schroders plc (LON:SDR) had its target price boosted by equities research analysts at BNP Paribas from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. BNP Paribas’ price objective would suggest a potential upside of 2.93% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reduced their price target on shares of Schroders plc from GBX 3,000 ($37.13) to GBX 2,900 ($35.89) and set an “outperform” rating on the stock in a research report on Friday, July 15th. Liberum Capital cut shares of Schroders plc to a “hold” rating and boosted their price target for the stock from GBX 2,399 ($29.69) to GBX 2,789 ($34.52) in a research report on Friday, August 19th. Numis Securities Ltd restated a “buy” rating and issued a GBX 3,368 ($41.68) price target on shares of Schroders plc in a research report on Thursday, July 28th. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 2,800 ($34.65) price target on shares of Schroders plc in a research report on Friday, July 15th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 2,850 ($35.27) price objective on shares of Schroders plc in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,874.50 ($35.58).
Shares of Schroders plc (LON:SDR) opened at 2799.00 on Tuesday. The stock has a 50 day moving average of GBX 2,747.00 and a 200 day moving average of GBX 2,609.26. The stock’s market capitalization is GBX 7.68 billion. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,067.00.
The firm also recently disclosed a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were paid a GBX 29 ($0.36) dividend. This represents a yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
In related news, insider Tosato,Massimo sold 6,410 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of GBX 2,703 ($33.45), for a total value of £173,262.30 ($214,433.54).
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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