Shares of Schroders plc (LON:SDR) shot up 0% during trading on Monday . The stock traded as high as GBX 3,589 ($48.67) and last traded at GBX 3,576 ($48.49). 352,180 shares were traded during mid-day trading, an increase of 48% from the average session volume of 237,465 shares. The stock had previously closed at GBX 3,576 ($48.49).

Several research firms have recently commented on SDR. Numis Securities upped their price objective on shares of Schroders from GBX 3,560 ($48.28) to GBX 3,725 ($50.52) and gave the company a “hold” rating in a report on Thursday, October 19th. JPMorgan Chase & Co. downgraded shares of Schroders to a “neutral” rating and dropped their price objective for the company from GBX 3,750 ($50.85) to GBX 3,550 ($48.14) in a report on Thursday, September 21st. Berenberg Bank upped their price objective on shares of Schroders from GBX 3,580 ($48.55) to GBX 3,640 ($49.36) and gave the company a “buy” rating in a report on Thursday, October 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,800 ($51.53) price objective on shares of Schroders in a report on Tuesday, November 21st. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,564 ($48.33) price objective on shares of Schroders in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 3,375.87 ($45.78).

The firm has a market capitalization of $9,510.00 and a PE ratio of 1,872.25.

In other news, insider Michael W. R. Dobson sold 9,822 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of GBX 3,512 ($47.63), for a total value of £344,948.64 ($467,790.40). Also, insider Michael W. R. Dobson sold 22,485 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of GBX 3,499 ($47.45), for a total transaction of £786,750.15 ($1,066,924.53). Insiders have sold 297,374 shares of company stock valued at $1,032,355,465 over the last 90 days.

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Schroders 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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