Jefferies Group LLC Raises Schroders plc (SDR) Price Target to GBX 3,593
Schroders plc (LON:SDR) had its price target upped by equities research analysts at Jefferies Group LLC from GBX 3,450 ($45.51) to GBX 3,593 ($47.39) in a note issued to investors on Tuesday, July 11th, Marketbeat reports. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s target price points to a potential upside of 3.19% from the company’s previous close.
A number of other research analysts have also commented on the company. J P Morgan Chase & Co upped their price target on Schroders plc from GBX 3,600 ($47.49) to GBX 3,650 ($48.15) and gave the stock an “overweight” rating in a report on Friday, April 28th. Shore Capital lowered Schroders plc to a “hold” rating in a report on Monday, March 13th. Royal Bank Of Canada lowered Schroders plc to a “sector performer” rating and cut their price target for the stock from GBX 3,400 ($44.85) to GBX 3,300 ($43.53) in a report on Wednesday, March 22nd. Numis Securities Ltd restated a “buy” rating and issued a GBX 3,738 ($49.31) target price on shares of Schroders plc in a research note on Wednesday, May 3rd. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 2,900 ($38.25) target price on shares of Schroders plc in a research note on Monday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 3,349.47 ($44.18).
Shares of Schroders plc (LON:SDR) traded up 0.46% during mid-day trading on Tuesday, hitting GBX 3482.00. 265,385 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 3,233.92 and its 200 day moving average price is GBX 3,132.73. Schroders plc has a 12-month low of GBX 2,573.00 and a 12-month high of GBX 3,484.00. The stock’s market cap is GBX 9.59 billion.
COPYRIGHT VIOLATION NOTICE: “Jefferies Group LLC Raises Schroders plc (SDR) Price Target to GBX 3,593” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/08/07/schroders-plc-sdr-given-new-gbx-3593-price-target-at-jefferies-group-llc-updated-updated-updated.html.
In related news, insider Richard Keers acquired 10 shares of the company’s stock in a transaction on Monday, June 12th. The stock was purchased at an average cost of GBX 3,139 ($41.41) per share, for a total transaction of £313.90 ($414.06). Also, insider Michael W. R. Dobson sold 4,496 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of GBX 3,169 ($41.80), for a total value of £142,478.24 ($187,941.22). Insiders have acquired 24 shares of company stock valued at $76,694 over the last quarter.
About Schroders plc
Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments.
Receive News & Stock Ratings for Schroders plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schroders plc and related stocks with our FREE daily email newsletter.