Schroders plc’s (LON:SDR) Hold Rating Reiterated at Liberum Capital
A number of other equities analysts have also commented on the company. Shore Capital reissued a hold rating on shares of Schroders plc in a research note on Thursday. Credit Suisse Group reissued an outperform rating on shares of Schroders plc in a research note on Friday, July 21st. Barclays PLC lowered Schroders plc to an underweight rating and dropped their price target for the company from GBX 3,200 ($41.69) to GBX 2,975 ($38.76) in a research note on Thursday, July 20th. BNP Paribas reissued a neutral rating and set a GBX 3,000 ($39.08) price target on shares of Schroders plc in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC increased their price target on Schroders plc from GBX 3,450 ($44.95) to GBX 3,593 ($46.81) and gave the company a buy rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 3,349.47 ($43.64).
Schroders plc (LON:SDR) opened at 3466.00 on Thursday. Schroders plc has a one year low of GBX 2,493.00 and a one year high of GBX 3,468.00. The stock’s market capitalization is GBX 9.55 billion. The company’s 50 day moving average price is GBX 3,209.78 and its 200-day moving average price is GBX 3,123.07.
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The business also recently disclosed a dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 34 ($0.44) per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a yield of 1.01%.
In other Schroders plc news, insider Richard Keers purchased 10 shares of Schroders plc stock in a transaction dated Monday, June 12th. The shares were purchased at an average cost of GBX 3,139 ($40.89) per share, for a total transaction of £313.90 ($408.94). Also, insider Michael W. R. Dobson sold 4,496 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of GBX 3,169 ($41.28), for a total value of £142,478.24 ($185,615.22). Over the last quarter, insiders bought 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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