Schroders (SDR) Shares Up 0%
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.
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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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