Schroders plc (LON:SDR) had its price objective boosted by stock analysts at BNP Paribas from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) in a research report issued to clients and investors on Tuesday. The firm presently has a “neutral” rating on the stock. BNP Paribas’ price objective indicates a potential upside of 2.00% from the stock’s current price.
SDR has been the subject of several other reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 2,800 ($34.65) price objective on shares of Schroders plc in a research note on Monday, July 4th. Numis Securities Ltd reissued a “buy” rating and set a GBX 3,368 ($41.68) target price on shares of Schroders plc in a research note on Thursday, July 28th. Macquarie reissued an “underperform” rating and set a GBX 2,214 ($27.40) target price on shares of Schroders plc in a research note on Friday, October 7th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 2,790 ($34.53) target price on shares of Schroders plc in a research note on Tuesday, July 12th. Finally, Barclays PLC lowered their target price on shares of Schroders plc from GBX 2,880 ($35.64) to GBX 2,400 ($29.70) and set an “equal weight” rating for the company in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 2,874.50 ($35.58).
Schroders plc (LON:SDR) opened at 2753.00 on Tuesday. Schroders plc has a one year low of GBX 1,960.00 and a one year high of GBX 3,067.00. The company’s market capitalization is GBX 7.56 billion. The firm has a 50-day moving average of GBX 2,750.11 and a 200 day moving average of GBX 2,611.51.
The company also recently announced a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were issued a GBX 29 ($0.36) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.15%.
In other news, insider Tosato,Massimo bought 10 shares of Schroders plc stock in a transaction on Thursday, August 11th. The stock was acquired at an average cost of GBX 2,702 ($33.44) per share, for a total transaction of £270.20 ($334.41).
About Schroders plc
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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