Schroders plc’s (SDR) Neutral Rating Reaffirmed at BNP Paribas
Schroders plc (LON:SDR)‘s stock had its “neutral” rating reiterated by research analysts at BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 2,850 ($35.61) price target on the stock. BNP Paribas’ price target would indicate a potential downside of 0.77% from the company’s previous close.
Several other research firms have also issued reports on SDR. Barclays PLC increased their price objective on shares of Schroders plc from GBX 3,030 ($37.86) to GBX 3,100 ($38.73) and gave the stock an “equal weight” rating in a research report on Thursday, November 10th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 3,200 ($39.98) price objective on shares of Schroders plc in a research report on Wednesday, October 26th. Numis Securities Ltd increased their price objective on shares of Schroders plc from GBX 3,556 ($44.43) to GBX 3,685 ($46.04) and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Jefferies Group raised their price target on shares of Schroders plc from GBX 2,705 ($33.80) to GBX 3,112 ($38.88) and gave the company a “buy” rating in a report on Thursday, October 20th. Finally, Macquarie reaffirmed an “underperform” rating and set a GBX 2,214 ($27.66) price target on shares of Schroders plc in a report on Friday, October 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,918.64 ($36.46).
Schroders plc (LON:SDR) opened at 2832.00 on Monday. The firm has a 50-day moving average of GBX 2,817.61 and a 200-day moving average of GBX 2,656.11. The firm’s market capitalization is GBX 7.77 billion. Schroders plc has a 1-year low of GBX 1,960.00 and a 1-year high of GBX 3,045.00.
In other Schroders plc news, insider Massimo Tosato purchased 10 shares of Schroders plc stock in a transaction dated Monday, October 10th. The shares were bought at an average cost of GBX 2,763 ($34.52) per share, for a total transaction of £276.30 ($345.20).
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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