Schroders plc (LON:SDRC)’s share price dropped 1.1% during trading on Wednesday . The company traded as low as GBX 2,488 ($33.49) and last traded at GBX 2,495 ($33.58). Approximately 25,032 shares changed hands during trading, a decline of 33% from the average daily volume of 37,302 shares. The stock had previously closed at GBX 2,524 ($33.97).

Separately, Numis Securities restated an “add” rating and set a GBX 2,980 ($40.11) target price on shares of Schroders in a report on Thursday, October 19th.

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About Schroders

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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