Schroders plc (LON:SDR) Given Average Recommendation of “Moderate Buy” by Brokerages

Schroders plc (LON:SDR) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 453.33.

Separately, Citigroup downgraded 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.

Schroders Price Performance

SDR opened at GBX 588 on Tuesday. The firm has a market cap of £9.17 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. Schroders has a fifty-two week low of GBX 358.60 and a fifty-two week high of GBX 599.50. The company’s 50-day moving average price is GBX 583.72 and its 200 day moving average price is GBX 544.93. The company has a quick ratio of 4.32, a current ratio of 92.37 and a debt-to-equity ratio of 20.74.

Insider Activity

In related news, insider Richard Oldfield acquired 43 shares of Schroders stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average price of GBX 584 per share, for a total transaction of £251.12. Over the last 90 days, insiders purchased 173 shares of company stock valued at $100,798. Company insiders own 1.72% 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. 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.