Schroders plc (SDR) Price Target Raised to GBX 2,850 at BNP Paribas
Schroders plc (LON:SDR) had its target price hoisted by BNP Paribas from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) in a research report report published on Tuesday. BNP Paribas currently has a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Numis Securities Ltd reissued a buy rating and set a GBX 3,368 ($41.68) target price on shares of Schroders plc in a research note on Thursday, July 28th. Liberum Capital reaffirmed a buy rating and issued a GBX 2,399 ($29.69) price objective on shares of Schroders plc in a research note on Thursday, July 28th. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 2,800 ($34.65) price objective on shares of Schroders plc in a research note on Friday, July 15th. Shore Capital reaffirmed a buy rating on shares of Schroders plc in a research note on Thursday, July 28th. Finally, Jefferies Group lowered their price objective on shares of Schroders plc from GBX 3,103 ($38.40) to GBX 2,705 ($33.48) and set a buy rating on the stock in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 2,874.50 ($35.58).
Shares of Schroders plc (LON:SDR) opened at 2804.00 on Tuesday. Schroders plc has a 12-month low of GBX 1,960.00 and a 12-month high of GBX 3,067.00. The company has a 50-day moving average of GBX 2,748.32 and a 200 day moving average of GBX 2,610.23. The firm’s market cap is GBX 7.70 billion.
The business also recently declared a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were issued a dividend of GBX 29 ($0.36) per share. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
In other Schroders plc news, insider Tosato,Massimo sold 6,410 shares of Schroders plc stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of GBX 2,703 ($33.45), for a total value of £173,262.30 ($214,433.54). Also, insider Massimo Tosato bought 10 shares of Schroders plc stock in a transaction on Monday, October 10th. The stock was acquired at an average price of GBX 2,763 ($34.20) per share, with a total value of £276.30 ($341.96).
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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