Schroders plc (SDR) Receives “Outperform” Rating from Credit Suisse Group
Schroders plc (LON:SDR)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a research note issued on Tuesday. They currently have a GBX 3,800 ($49.98) target price on the stock. Credit Suisse Group’s price target suggests a potential upside of 8.73% from the stock’s previous close.
Several other research firms also recently weighed in on SDR. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 3,550 ($46.69) price target on shares of Schroders plc in a research note on Friday, October 20th. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a research note on Thursday, October 19th. Citigroup Inc. downgraded Schroders plc to a “neutral” rating and set a GBX 3,760 ($49.45) price target on the stock. in a research note on Monday, July 31st. Barclays PLC reiterated an “underweight” rating and set a GBX 3,000 ($39.46) price target on shares of Schroders plc in a research note on Friday, July 28th. Finally, Numis Securities Ltd reiterated an “add” rating and set a GBX 2,980 ($39.20) price target on shares of Schroders plc in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 3,375.87 ($44.40).
Schroders plc (LON:SDR) opened at GBX 3,495 ($45.97) on Tuesday. 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).
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In other news, insider Michael W. R. Dobson sold 213,389 shares of the company’s stock in a transaction dated 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).
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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