Schroders plc (SDR) Now Covered by Berenberg Bank
Berenberg Bank assumed coverage on shares of Schroders plc (LON:SDR) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a GBX 3,580 ($45.29) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 14.82% from the stock’s previous close.
Several other brokerages have also issued reports on SDR. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 3,771 ($47.70) target price on shares of Schroders plc in a research report on Thursday, March 2nd. BNP Paribas reaffirmed a “neutral” rating and set a GBX 2,900 ($36.69) target price on shares of Schroders plc in a research report on Monday, March 27th. Royal Bank Of Canada lowered Schroders plc to a “sector performer” rating and decreased their target price for the company from GBX 3,400 ($43.01) to GBX 3,300 ($41.75) in a research report on Wednesday, March 22nd. J P Morgan Chase & Co raised their target price on Schroders plc from GBX 3,350 ($42.38) to GBX 3,600 ($45.54) and gave the company an “overweight” rating in a research report on Thursday, March 9th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 2,750 ($34.79) target price on shares of Schroders plc in a research report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 3,142.29 ($39.75).
Schroders plc (SDR) opened at 3147.00 on Thursday. The stock’s market capitalization is GBX 8.66 billion. Schroders plc has a 12-month low of GBX 1,960.00 and a 12-month high of GBX 3,284.00. The company’s 50-day moving average is GBX 3,169.97 and its 200 day moving average is GBX 3,060.27.
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In related news, insider Philip Mallinckrodt bought 19,980 shares of the business’s stock in a transaction on Tuesday, March 28th. The stock was acquired at an average price of GBX 2,275 ($28.78) per share, for a total transaction of £454,545 ($575,009.49). Also, insider Rakhi Goss-Custard bought 669 shares of the business’s stock in a transaction on Thursday, April 6th. The stock was bought at an average price of GBX 3,061 ($38.72) per share, with a total value of £20,478.09 ($25,905.24). In the last 90 days, insiders acquired 20,666 shares of company stock valued at $47,556,526.
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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