J P Morgan Chase & Co Increases Schroders plc (LON:SDR) Price Target to GBX 3,750
Schroders plc (LON:SDR) had its target price raised by J P Morgan Chase & Co from GBX 3,650 ($48.15) to GBX 3,750 ($49.47) in a research note issued to investors on Friday. They currently have an overweight rating on the stock.
A number of other equities analysts have also issued reports on SDR. UBS AG reiterated a buy rating and set a GBX 3,300 ($43.53) target price on shares of Schroders plc in a research report on Tuesday, April 4th. Jefferies Group LLC upped their target price on shares of Schroders plc from GBX 3,345 ($44.12) to GBX 3,450 ($45.51) and gave the stock a buy rating in a research report on Monday, April 10th. Shore Capital reiterated a hold rating on shares of Schroders plc in a research report on Thursday, April 27th. Liberum Capital reiterated a hold rating and set a GBX 2,750 ($36.27) target price on shares of Schroders plc in a research report on Thursday, April 27th. Finally, Numis Securities Ltd reiterated a buy rating and set a GBX 3,738 ($49.31) target price on shares of Schroders plc in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Schroders plc currently has a consensus rating of Hold and an average price target of GBX 3,349.47 ($44.18).
Shares of Schroders plc (SDR) opened at 3454.00 on Friday. The company’s market cap is GBX 9.51 billion. Schroders plc has a one year low of GBX 2,493.00 and a one year high of GBX 3,480.00. The company’s 50-day moving average price is GBX 3,218.28 and its 200 day moving average price is GBX 3,127.44.
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The firm also recently disclosed a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 17th will be issued a GBX 34 ($0.45) dividend. The ex-dividend date is Thursday, August 17th. This represents a yield of 1.01%.
In other news, insider Richard Keers bought 10 shares of the business’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of GBX 3,139 ($41.41) per share, for a total transaction of £313.90 ($414.06). Also, insider Peter Harrison sold 4,427 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of GBX 3,141 ($41.43), for a total transaction of £139,052.07 ($183,421.80). Over the last quarter, insiders acquired 24 shares of company stock worth $76,694.
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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