Schroders plc (SDR) Receives Consensus Recommendation of “Hold” from Analysts
Schroders plc (LON:SDR) has been given a consensus rating of “Hold” by the sixteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,375.87 ($44.40).
SDR has been the topic of a number of recent research reports. Numis Securities Ltd reissued an “add” rating and issued a GBX 2,980 ($39.20) target price on shares of Schroders plc in a research report on Friday, October 20th. Berenberg Bank lifted their target price on Schroders plc from GBX 3,580 ($47.09) to GBX 3,640 ($47.88) and gave the company a “buy” rating in a research report on Thursday, October 19th. Liberum Capital reissued a “hold” rating and issued a GBX 3,564 ($46.88) target price on shares of Schroders plc in a research report on Thursday, October 19th. Shore Capital reissued a “hold” rating on shares of Schroders plc in a research report on Tuesday, August 15th. Finally, J P Morgan Chase & Co lowered Schroders plc to a “neutral” rating and dropped their target price for the company from GBX 3,750 ($49.32) to GBX 3,550 ($46.69) in a research report on Thursday, September 21st.
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Schroders plc (SDR) opened at GBX 3,490 ($45.90) on Thursday. Schroders plc has a 1-year low of GBX 2,712.42 ($35.68) and a 1-year high of GBX 3,540 ($46.56).
In related news, insider Michael W. R. Dobson sold 213,389 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of GBX 3,458 ($45.48), for a total value of £7,378,991.62 ($9,705,368.43). Also, insider Michael W. R. Dobson sold 9,822 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of GBX 3,512 ($46.19), for a total value of £344,948.64 ($453,700.70). Insiders have sold a total of 245,696 shares of company stock worth $851,069,041 over the last three months.
Schroders plc Company Profile
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.
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