Schroders plc’s (SDR) “Underweight” Rating Reaffirmed at Barclays PLC
Barclays PLC reissued their underweight rating on shares of Schroders plc (LON:SDR) in a report released on Friday morning. The brokerage currently has a GBX 3,000 ($39.57) price objective on the stock.
A number of other equities research analysts also recently issued reports on SDR. UBS AG restated a buy rating and set a GBX 3,300 ($43.53) price target on shares of Schroders plc in a research note on Tuesday, April 4th. Liberum Capital restated a hold rating and set a GBX 3,387 ($44.68) price target on shares of Schroders plc in a research note on Thursday, July 27th. Credit Suisse Group restated an outperform rating on shares of Schroders plc in a research note on Friday, July 21st. Shore Capital restated a hold rating on shares of Schroders plc in a research note on Thursday, July 27th. Finally, BNP Paribas restated a neutral rating and set a GBX 3,000 ($39.57) price target on shares of Schroders plc in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 3,349.47 ($44.18).
Shares of Schroders plc (SDR) opened at 3454.00 on Friday. The stock’s market capitalization is GBX 9.51 billion. The firm’s 50-day moving average is GBX 3,218.28 and its 200 day moving average is GBX 3,127.44. Schroders plc has a 12-month low of GBX 2,493.00 and a 12-month high of GBX 3,480.00.
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The business also recently disclosed a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 17th will be paid a dividend of GBX 34 ($0.45) per share. The ex-dividend date is Thursday, August 17th. This represents a dividend yield of 1.01%.
In other Schroders plc news, insider Richard Keers purchased 10 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average cost of GBX 3,139 ($41.41) per share, with a total value of £313.90 ($414.06). Also, insider Peter Harrison sold 4,427 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of GBX 3,141 ($41.43), for a total value of £139,052.07 ($183,421.80). Over the last quarter, insiders have purchased 24 shares of company stock valued at $76,694.
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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