Schroders (LON:SDR) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Schroders plc (LON:SDRGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 574.70 and traded as high as GBX 585. Schroders shares last traded at GBX 584, with a volume of 82,262,711 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Analysis on Schroders

Schroders Stock Up 0.1%

The stock’s 50-day simple moving average is GBX 585.96 and its 200 day simple moving average is GBX 575.69. The company has a market cap of £9.11 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 1.28 and a beta of 1.08.

Schroders (LON:SDRGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported GBX 22.30 earnings per share for the quarter. Schroders had a net margin of 19.32% and a return on equity of 15.55%. On average, sell-side analysts expect that Schroders plc will post 33.7347131 EPS for the current fiscal year.

Insider Activity at Schroders

In related news, insider Richard Oldfield acquired 43 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of GBX 584 per share, with a total value of £251.12. In the last quarter, insiders have purchased 216 shares of company stock valued at $126,144. Corporate insiders own 1.72% of the company’s stock.

Schroders Company Profile

(Get Free Report)

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.

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