Schroders plc (SDR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Schroders plc (LON:SDR) have received a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 3,145.54 ($40.08).
Several analysts have recently weighed in on SDR shares. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 3,771 ($48.04) price target on shares of Schroders plc in a research note on Thursday, March 2nd. Liberum Capital reissued a “hold” rating and issued a GBX 2,750 ($35.04) price objective on shares of Schroders plc in a research note on Thursday, March 2nd. BNP Paribas reissued a “neutral” rating and issued a GBX 2,900 ($36.95) price objective on shares of Schroders plc in a research note on Monday, March 27th. Barclays PLC reissued an “equal weight” rating on shares of Schroders plc in a research note on Friday, March 3rd. Finally, Jefferies Group LLC boosted their price objective on shares of Schroders plc from GBX 3,345 ($42.62) to GBX 3,450 ($43.95) and gave the stock a “buy” rating in a research note on Monday, April 10th.
Shares of Schroders plc (LON:SDR) traded up 0.44% on Monday, hitting GBX 3171.00. The stock had a trading volume of 118,926 shares. The company has a 50-day moving average of GBX 3,166.38 and a 200-day moving average of GBX 3,071.65. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,284.00. The company’s market cap is GBX 8.73 billion.
In other Schroders plc news, insider Philip Mallinckrodt purchased 19,980 shares of the stock in a transaction on Tuesday, March 28th. The shares were bought at an average cost of GBX 2,275 ($28.98) per share, with a total value of £454,545 ($579,111.99). Also, insider Richard Keers purchased 10 shares of the stock in a transaction on Monday, June 12th. The stock was acquired at an average cost of GBX 3,139 ($39.99) per share, for a total transaction of £313.90 ($399.92). Insiders have bought 20,666 shares of company stock worth $47,556,526 over the last three months.
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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