Schroders plc (LON:SDR)’s share price fell 0.9% during trading on Wednesday . The company traded as low as GBX 3,371 ($44.71) and last traded at GBX 3,390 ($44.97). 313,196 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 345,818 shares. The stock had previously closed at GBX 3,421 ($45.38).

A number of research firms recently commented on SDR. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 3,700 ($49.08) price objective on shares of Schroders plc in a research note on Tuesday. Shore Capital reiterated a “hold” rating on shares of Schroders plc in a report on Tuesday, August 15th. J P Morgan Chase & Co lifted their target price on Schroders plc from GBX 3,650 ($48.41) to GBX 3,750 ($49.74) and gave the stock an “overweight” rating in a report on Friday, July 28th. Macquarie upgraded Schroders plc to a “neutral” rating and set a GBX 3,031 ($40.20) target price for the company in a report on Tuesday, August 29th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 3,800 ($50.40) target price on shares of Schroders plc in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Schroders plc currently has a consensus rating of “Hold” and a consensus price target of GBX 3,398.73 ($45.08).

The firm’s market capitalization is GBX 9.45 billion. The firm has a 50 day moving average price of GBX 3,336.75 and a 200 day moving average price of GBX 3,234.97.

The business also recently declared a dividend, which was paid on Thursday, September 21st. Investors of record on Thursday, August 17th were paid a GBX 34 ($0.45) dividend. This represents a yield of 1.01%. The ex-dividend date was Thursday, August 17th.

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About Schroders plc

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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