Schroders plc (LON:SDR) rose 1.4% during mid-day trading on Thursday . The company traded as high as GBX 3,514 ($46.37) and last traded at GBX 3,508 ($46.29). Approximately 263,065 shares were traded during trading, a decline of 22% from the average daily volume of 336,771 shares. The stock had previously closed at GBX 3,461 ($45.67).

SDR has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded Schroders plc to an “outperform” rating and upped their price objective for the company from GBX 3,300 ($43.55) to GBX 3,400 ($44.87) in a research report on Monday, July 10th. Jefferies Group LLC upped their price objective on Schroders plc from GBX 3,450 ($45.53) to GBX 3,593 ($47.41) and gave the company a “buy” rating in a research report on Tuesday, July 11th. Liberum Capital upped their price objective on Schroders plc from GBX 2,789 ($36.80) to GBX 3,387 ($44.70) and gave the company a “hold” rating in a research report on Wednesday, July 12th. BNP Paribas restated a “neutral” rating and set a GBX 3,000 ($39.59) price objective on shares of Schroders plc in a research report on Tuesday, July 18th. Finally, Barclays PLC downgraded Schroders plc to an “underweight” rating and decreased their price objective for the company from GBX 3,200 ($42.23) to GBX 2,975 ($39.26) in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,375.87 ($44.55).

The company’s 50-day moving average price is GBX 3,376.51 and its 200-day moving average price is GBX 3,274.56. The firm’s market cap is GBX 9.66 billion.

In other news, insider Michael W. R. Dobson sold 213,389 shares of Schroders plc stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($45.63), for a total transaction of £7,378,991.62 ($9,737,386.67).

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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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