Insider Buying: Schroders (LON:SDR) Insider Buys 44 Shares of Stock

Schroders plc (LON:SDR) insider Meagen Burnett purchased 44 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of GBX 467 per share, with a total value of £205.48.

Meagen Burnett also recently made the following trade(s):

• On Monday, January 12th, Meagen Burnett purchased 48 shares of Schroders stock. The stock was purchased at an average price of GBX 416 per share, for a total transaction of £199.68.

Schroders Stock Down 2.3%

Shares of SDR traded down GBX 10.80 during trading hours on Wednesday, reaching GBX 456.40. The stock had a trading volume of 2,714,297 shares, compared to its average volume of 21,104,646. Schroders plc has a 12 month low of GBX 283.40 and a 12 month high of GBX 472.80. The company has a market capitalization of £7.08 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.28 and a beta of 1.17. The firm has a 50-day simple moving average of GBX 422.82 and a 200 day simple moving average of GBX 398.06. The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95.

Wall Street Analyst Weigh In

SDR has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Schroders in a research note on Friday, January 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 420 price target on shares of Schroders in a report on Friday, January 9th. Royal Bank Of Canada boosted their target price on Schroders from GBX 435 to GBX 440 and gave the company a “buy” rating in a research note on Thursday, October 30th. UBS Group reissued a “buy” rating and issued a GBX 455 price objective on shares of Schroders in a report on Friday, October 17th. Finally, Citigroup reduced their target price on shares of Schroders from GBX 435 to GBX 430 and set a “buy” rating for the company in a research note on Friday, October 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 413.86.

About Schroders

Schroders plc is a publicly owned investment manager. The firm also provides advisory and consultancy services. It provides its services to financial institutions, high net worth clients, large corporate, local authority, charitable entities, individuals, pension plans, government funds, insurance companies, and endowments. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.