Meagen Burnett Buys 34 Shares of Schroders (LON:SDR) Stock

Schroders plc (LON:SDR) insider Meagen Burnett acquired 34 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were bought at an average cost of GBX 584 per share, with a total value of £198.56.

Meagen Burnett also recently made the following trade(s):

• On Monday, May 11th, Meagen Burnett acquired 34 shares of Schroders stock. The shares were bought at an average cost of GBX 581 per share, with a total value of £197.54.
• On Friday, April 10th, Meagen Burnett acquired 34 shares of Schroders stock. The shares were bought at an average cost of GBX 579 per share, with a total value of £196.86.

Schroders Stock Performance

LON:SDR opened at GBX 583 on Thursday. Schroders plc has a 1 year low of GBX 350.20 and a 1 year high of GBX 599.50. The firm has a 50 day moving average of GBX 580.50 and a 200-day moving average of GBX 513.12. The company has a current ratio of 92.37, a quick ratio of 4.32 and a debt-to-equity ratio of 20.74. The stock has a market capitalization of £9.09 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08.

Analyst Ratings Changes

Separately, Citigroup cut shares of Schroders to a “neutral” rating and lifted their target price for the company from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Schroders currently has an average rating of “Moderate Buy” and an average price target of GBX 453.33.

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.