Schroders plc (LON:SDR) had its price objective lifted by research analysts at Numis Securities Ltd from GBX 3,556 ($46.42) to GBX 3,685 ($48.10) in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s target price points to a potential upside of 31.42% from the stock’s current price.
A number of other research analysts have also issued reports on the company. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 2,790 ($36.42) target price on shares of Schroders plc in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. increased their target price on Schroders plc from GBX 2,930 ($38.25) to GBX 3,000 ($39.16) and gave the company a “neutral” rating in a research report on Tuesday, September 27th. BNP Paribas restated a “neutral” rating and issued a GBX 2,550 ($33.29) price objective on shares of Schroders plc in a report on Monday, June 27th. Liberum Capital restated a “hold” rating and issued a GBX 2,399 ($31.31) price objective on shares of Schroders plc in a report on Tuesday, July 5th. Finally, Barclays PLC decreased their price objective on Schroders plc from GBX 2,880 ($37.59) to GBX 2,400 ($31.33) and set an “equal weight” rating on the stock in a report on Thursday, June 30th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 2,863.79 ($37.38).
Shares of Schroders plc (LON:SDR) opened at 2801.00 on Wednesday. The stock’s market capitalization is GBX 7.69 billion. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,067.00. The stock’s 50 day moving average is GBX 2,745.81 and its 200-day moving average is GBX 2,609.38.
The business also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were paid a GBX 29 ($0.38) dividend. This represents a dividend yield of 1.15%. The ex-dividend date was Thursday, August 18th.
In other Schroders plc news, insider Tosato,Massimo acquired 10 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of GBX 2,702 ($35.27) per share, with a total value of £270.20 ($352.70).
Schroders plc Company Profile
Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, which consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives; Distribution, which employs people globally, specialising in sales, client service, marketing, product development and product management, and serving institutional and intermediary sales channels, and Infrastructure, which employs people in the information technology, operations, finance, risk management, human resources, legal, compliance and internal audit.
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