Schroders plc (SDR) Price Target Increased to GBX 3,685 by Analysts at Numis Securities Ltd
Schroders plc (LON:SDR) had its price objective increased by Numis Securities Ltd from GBX 3,556 ($46.42) to GBX 3,685 ($48.10) in a report issued on Wednesday morning. They currently have a buy rating on the stock.
A number of other research firms have also weighed in on SDR. Liberum Capital lowered shares of Schroders plc to a hold rating and raised their price target for the company from GBX 2,399 ($31.31) to GBX 2,789 ($36.41) in a report on Friday, August 19th. JPMorgan Chase & Co. raised their price target on shares of Schroders plc from GBX 3,000 ($39.16) to GBX 3,200 ($41.77) and gave the company an overweight rating in a report on Tuesday, September 13th. Goldman Sachs Group Inc. raised their price target on shares of Schroders plc from GBX 2,930 ($38.25) to GBX 3,000 ($39.16) and gave the company a neutral rating in a report on Tuesday, September 27th. Panmure Gordon reaffirmed a hold rating and set a GBX 2,800 ($36.55) price target on shares of Schroders plc in a report on Thursday, July 28th. Finally, Shore Capital reaffirmed a buy rating on shares of Schroders plc in a report on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 2,863.79 ($37.38).
Shares of Schroders plc (LON:SDR) traded down 0.46% on Wednesday, hitting GBX 2810.00. 144,944 shares of the stock were exchanged. Schroders plc has a one year low of GBX 1,960.00 and a one year high of GBX 3,067.00. The firm’s market cap is GBX 7.71 billion. The firm’s 50 day moving average price is GBX 2,745.03 and its 200 day moving average price is GBX 2,606.97.
The firm also recently declared a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were given a GBX 29 ($0.38) dividend. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.15%.
In other Schroders plc news, insider Tosato,Massimo purchased 10 shares of Schroders plc stock in a transaction dated Thursday, August 11th. The shares were bought at an average cost of GBX 2,702 ($35.27) per share, for a total transaction of £270.20 ($352.70).
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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