Insider Buying: Schroders plc (SDR) Insider Acquires £214.13 in Stock
Schroders plc (LON:SDR) insider Richard Keers bought 7 shares of the company’s stock in a transaction on Friday, February 10th. The shares were bought at an average price of GBX 3,059 ($38.23) per share, with a total value of £214.13 ($267.60).
Schroders plc (LON:SDR) opened at 3045.00 on Friday. The company has a 50 day moving average of GBX 3,000.08 and a 200 day moving average of GBX 2,851.73. The stock’s market capitalization is GBX 8.36 billion. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,092.00.
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SDR has been the subject of several research analyst reports. Morgan Stanley lowered shares of Schroders plc to an “equal weight” rating and dropped their target price for the company from GBX 3,245 ($40.55) to GBX 3,120 ($38.99) in a research report on Thursday, January 26th. BNP Paribas reiterated a “neutral” rating and set a GBX 2,850 ($35.62) target price on shares of Schroders plc in a research report on Tuesday, January 10th. Citigroup Inc. reiterated a “buy” rating on shares of Schroders plc in a research report on Friday, January 6th. Barclays PLC lifted their price target on shares of Schroders plc from GBX 3,030 ($37.87) to GBX 3,100 ($38.74) and gave the stock an “equal weight” rating in a research note on Thursday, November 10th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 3,200 ($39.99) price target on shares of Schroders plc in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 2,994.93 ($37.43).
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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