Schroders plc (SDR) Upgraded to Neutral at Macquarie
A number of other brokerages also recently issued reports on SDR. J P Morgan Chase & Co raised their target price on Schroders plc from GBX 3,650 ($47.21) to GBX 3,750 ($48.50) and gave the stock an overweight rating in a research note on Friday, July 28th. Barclays PLC reaffirmed an underweight rating and issued a GBX 3,000 ($38.80) target price on shares of Schroders plc in a research note on Friday, July 28th. Credit Suisse Group raised their target price on Schroders plc from GBX 3,457 ($44.71) to GBX 3,800 ($49.15) and gave the stock an outperform rating in a research note on Friday, July 28th. Citigroup Inc. downgraded Schroders plc to a neutral rating and set a GBX 3,760 ($48.63) target price for the company. in a research note on Monday, July 31st. Finally, Shore Capital reaffirmed a hold rating on shares of Schroders plc in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 3,403.93 ($44.02).
Schroders plc (SDR) opened at 3385.00 on Tuesday. The firm’s 50-day moving average is GBX 3,392.41 and its 200 day moving average is GBX 3,196.08. The stock’s market capitalization is GBX 9.32 billion. Schroders plc has a 1-year low of GBX 2,621.00 and a 1-year high of GBX 3,522.00.
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The firm also recently declared a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th will be issued a dividend of GBX 34 ($0.44) per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, August 17th.
In other Schroders plc news, insider Richard Keers purchased 10 shares of the stock in a transaction dated Monday, June 12th. The stock was acquired at an average cost of GBX 3,139 ($40.60) per share, for a total transaction of £313.90 ($405.98). Also, insider Peter Harrison sold 4,427 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of GBX 3,141 ($40.62), for a total value of £139,052.07 ($179,839.72). Over the last quarter, insiders have bought 24 shares of company stock valued at $77,933.
Schroders plc Company Profile
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.
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