Schroders (LON:SDR) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Schroders plc (LON:SDR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 408 and traded as high as GBX 588. Schroders shares last traded at GBX 586.65, with a volume of 8,200,994 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup reduced their target price on Schroders from GBX 435 to GBX 430 and set a “buy” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group reissued a “hold” rating and set a GBX 420 price target on shares of Schroders in a research report on Friday, January 9th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Schroders in a research note on Friday, January 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Schroders from GBX 435 to GBX 440 and gave the stock a “buy” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 413.86.

Schroders Trading Up 0.1%

The company has a market cap of £9.10 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The firm’s fifty day moving average price is GBX 451.98 and its 200-day moving average price is GBX 408.

Schroders (LON:SDR) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 36.60 earnings per share for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. On average, equities analysts expect that Schroders plc will post 33.7347131 EPS for the current fiscal year.

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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.