Schroders plc (SDR) Downgraded to “Underperform” at Macquarie
Schroders plc (LON:SDR) was downgraded by equities research analysts at Macquarie to an “underperform” rating in a note issued to investors on Monday. They presently have a GBX 2,214 ($27.40) target price on the stock, down from their prior target price of GBX 2,314 ($28.64). Macquarie’s target price would suggest a potential downside of 20.35% from the company’s current price.
SDR has been the subject of several other research reports. Numis Securities Ltd reiterated a “buy” rating and set a GBX 3,556 ($44.01) target price on shares of Schroders plc in a research report on Friday, September 2nd. BNP Paribas increased their target price on Schroders plc from GBX 2,550 ($31.56) to GBX 2,600 ($32.18) and gave the stock a “neutral” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. increased their target price on Schroders plc from GBX 2,600 ($32.18) to GBX 3,000 ($37.13) and gave the stock an “overweight” rating in a research report on Friday, July 29th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 2,790 ($34.53) price target on shares of Schroders plc in a report on Tuesday, July 12th. Finally, Barclays PLC cut their price target on Schroders plc from GBX 2,880 ($35.64) to GBX 2,400 ($29.70) and set an “equal weight” rating for the company in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,874.50 ($35.58).
Schroders plc (LON:SDR) opened at 2762.00 on Monday. Schroders plc has a one year low of GBX 1,960.00 and a one year high of GBX 3,067.00. The company’s 50 day moving average price is GBX 2,749.89 and its 200-day moving average price is GBX 2,613.44. The company’s market cap is GBX 7.58 billion.
The business also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were issued a GBX 29 ($0.36) dividend. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
In related news, insider Tosato,Massimo bought 10 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was purchased at an average price of GBX 2,702 ($33.44) per share, for a total transaction of £270.20 ($334.41).
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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