Schroders plc (SDR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Schroders plc (LON:SDR) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 2,939.31 ($35.74).
A number of analysts have commented on SDR shares. BNP Paribas increased their price target on shares of Schroders plc from GBX 2,600 ($31.62) to GBX 2,850 ($34.66) and gave the company a “neutral” rating in a research note on Tuesday, October 11th. Citigroup Inc. reiterated a “buy” rating on shares of Schroders plc in a research note on Friday, January 6th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,750 ($33.44) price target on shares of Schroders plc in a research note on Thursday, November 3rd. Goldman Sachs Group, Inc. (The) raised their target price on shares of Schroders plc from GBX 2,930 ($35.63) to GBX 3,000 ($36.48) and gave the stock a “neutral” rating in a research note on Tuesday, September 27th. Finally, Barclays PLC raised their target price on shares of Schroders plc from GBX 3,030 ($36.85) to GBX 3,100 ($37.70) and gave the stock an “equal weight” rating in a research note on Thursday, November 10th.
In other news, insider Peter Harrison bought 9 shares of the firm’s stock in a transaction on Monday, December 12th. The shares were purchased at an average cost of GBX 2,942 ($35.78) per share, with a total value of £264.78 ($322.00). Also, insider Philip Mallinckrodt sold 3,775 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of GBX 2,236 ($27.19), for a total transaction of £84,409 ($102,649.88).
Shares of Schroders plc (LON:SDR) opened at 3047.00 on Monday. The firm’s 50-day moving average is GBX 2,916.32 and its 200 day moving average is GBX 2,743.40. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,069.00. The company’s market capitalization is GBX 8.36 billion.
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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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