Schroders plc (SDR) Earns Outperform Rating from Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of Schroders plc (LON:SDR) in a report issued on Wednesday morning. Credit Suisse Group currently has a GBX 3,800 ($51.10) price objective on the stock.
A number of other research analysts have also commented on the stock. Numis Securities Ltd lowered shares of Schroders plc to a hold rating and cut their price objective for the company from GBX 3,750 ($50.43) to GBX 3,560 ($47.88) in a research report on Friday, September 22nd. JPMorgan Chase & Co. lowered shares of Schroders plc to a neutral rating and cut their price objective for the company from GBX 3,750 ($50.43) to GBX 3,550 ($47.74) in a research report on Thursday, September 21st. Macquarie raised shares of Schroders plc to a neutral rating and set a GBX 3,031 ($40.76) price objective for the company in a research report on Tuesday, August 29th. Shore Capital reaffirmed a hold rating on shares of Schroders plc in a research report on Tuesday, August 15th. Finally, Citigroup Inc. lowered shares of Schroders plc to a neutral rating and set a GBX 3,760 ($50.56) price objective for the company. in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Schroders plc presently has an average rating of Hold and a consensus target price of GBX 3,378.73 ($45.44).
Schroders plc (LON SDR) opened at 3355.00 on Wednesday. The firm’s market capitalization is GBX 9.24 billion. The company has a 50-day moving average price of GBX 3,375.59 and a 200-day moving average price of GBX 3,218.24. 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 company also recently disclosed a dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 17th were paid a dividend of GBX 34 ($0.46) per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a yield of 1.01%.
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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