Macquarie downgraded shares of Schroders plc (LON:SDR) to an underperform rating in a research note published on Monday morning. The firm currently has GBX 2,214 ($26.98) target price on the stock, down from their previous target price of GBX 2,314 ($28.20).
Several other research analysts have also recently issued reports on SDR. Jefferies Group cut their target price on shares of Schroders plc from GBX 3,103 ($37.82) to GBX 2,705 ($32.97) and set a buy rating on the stock in a report on Tuesday, July 5th. Shore Capital restated a buy rating on shares of Schroders plc in a report on Thursday, July 28th. BNP Paribas restated a neutral rating and issued a GBX 2,600 ($31.69) target price on shares of Schroders plc in a report on Friday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Schroders plc from GBX 3,000 ($36.56) to GBX 3,200 ($39.00) and gave the stock an overweight rating in a report on Tuesday, September 13th. Finally, Royal Bank Of Canada cut their target price on shares of Schroders plc from GBX 3,000 ($36.56) to GBX 2,900 ($35.34) and set an outperform rating on the stock in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 2,874.50 ($35.03).
Schroders plc (LON:SDR) opened at 2815.00 on Monday. Schroders plc has a 12-month low of GBX 1,960.00 and a 12-month high of GBX 3,067.00. The firm’s market cap is GBX 7.73 billion. The firm’s 50-day moving average is GBX 2,749.69 and its 200 day moving average is GBX 2,613.10.
The firm also recently declared a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were paid a GBX 29 ($0.35) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.15%.
In other Schroders plc news, insider Massimo Tosato purchased 10 shares of the company’s stock in a transaction on Monday, October 10th. The stock was acquired at an average cost of GBX 2,763 ($33.67) per share, for a total transaction of £276.30 ($336.75). Also, insider Tosato,Massimo sold 6,410 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of GBX 2,703 ($32.94), for a total value of £173,262.30 ($211,166.73).
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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