Schroders (LON:SDR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Schroders plc (LON:SDR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 363.96 ($4.85) and traded as high as GBX 397.60 ($5.30). Schroders shares last traded at GBX 395.30 ($5.27), with a volume of 1,786,283 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 435 price target on shares of Schroders in a research report on Wednesday, August 6th. Citigroup raised shares of Schroders to a “buy” rating and boosted their price target for the company from GBX 420 to GBX 435 in a research report on Friday, October 3rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 390 price target on shares of Schroders in a research report on Friday, August 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 373 target price on shares of Schroders in a report on Monday, July 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Schroders from GBX 400 to GBX 420 and gave the company a “hold” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 398.33.

Schroders Stock Up 0.4%

The business’s fifty day moving average price is GBX 384.29 and its 200 day moving average price is GBX 363.96. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95. The firm has a market capitalization of £6.17 billion, a PE ratio of 1,782.96, a PEG ratio of 1.28 and a beta of 1.17.

Schroders (LON:SDR) last announced its earnings results on Thursday, July 31st. The company reported GBX 9.10 EPS for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. On average, equities research analysts forecast that Schroders plc will post 33.7347131 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Richard Oldfield purchased 68 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average cost of GBX 372 per share, for a total transaction of £252.96. Insiders have bought 374 shares of company stock worth $144,840 in the last quarter. Insiders own 86.23% of the company’s stock.

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.