Schroders plc (LON:SDR)’s share price shot up 0% on Monday . The company traded as high as GBX 3,589 ($48.67) and last traded at GBX 3,576 ($48.49). 352,180 shares traded hands during trading, an increase of 48% from the average session volume of 237,465 shares. The stock had previously closed at GBX 3,576 ($48.49).

A number of brokerages have weighed in on SDR. Credit Suisse Group reissued an “outperform” rating and set a GBX 3,800 ($51.53) price target on shares of Schroders in a research report on Tuesday, November 21st. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 3,550 ($48.14) price target on shares of Schroders in a research report on Friday, October 20th. Numis Securities reissued an “add” rating and set a GBX 2,980 ($40.41) price target on shares of Schroders in a research report on Friday, October 20th. Shore Capital reissued a “hold” rating on shares of Schroders in a research report on Thursday, October 19th. Finally, Berenberg Bank boosted their price target on Schroders from GBX 3,580 ($48.55) to GBX 3,640 ($49.36) and gave the stock a “buy” rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 3,375.87 ($45.78).

The firm has a market capitalization of $9,640.00 and a price-to-earnings ratio of 1,891.10.

In other news, insider Richard Keers acquired 8 shares of Schroders stock in a transaction dated Monday, December 11th. The stock was bought at an average price of GBX 3,465 ($46.99) per share, for a total transaction of £277.20 ($375.92). Also, insider Michael W. R. Dobson sold 9,822 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of GBX 3,512 ($47.63), for a total value of £344,948.64 ($467,790.40). In the last 90 days, insiders have sold 83,985 shares of company stock valued at $294,456,303.

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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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