Schroders plc (SDR) Shares Up 0.8%
Schroders plc (LON:SDR)’s share price shot up 0.8% during mid-day trading on Tuesday . The stock traded as high as GBX 3,330 ($43.01) and last traded at GBX 3,325 ($42.94). 287,808 shares traded hands during trading, a decline of 9% from the average session volume of 317,150 shares. The stock had previously closed at GBX 3,300 ($42.62).
Several brokerages recently issued reports on SDR. Berenberg Bank began coverage on shares of Schroders plc in a report on Thursday, June 15th. They set a “buy” rating and a GBX 3,580 ($46.24) price target for the company. BNP Paribas reissued a “neutral” rating and set a GBX 3,000 ($38.74) price target on shares of Schroders plc in a report on Tuesday, July 18th. J P Morgan Chase & Co lifted their price target on shares of Schroders plc from GBX 3,650 ($47.14) to GBX 3,750 ($48.43) and gave the company an “overweight” rating in a report on Friday, July 28th. Shore Capital reissued a “hold” rating on shares of Schroders plc in a report on Thursday, July 27th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Schroders plc in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,403.93 ($43.96).
The firm has a 50-day moving average price of GBX 3,389.94 and a 200 day moving average price of GBX 3,211.99. The company’s market capitalization is GBX 9.12 billion.
The business also recently declared a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th will be paid a GBX 34 ($0.44) dividend. The ex-dividend date is Thursday, August 17th. This represents a dividend yield of 1.01%.
In other news, insider Peter Harrison sold 4,427 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of GBX 3,141 ($40.57), for a total value of £139,052.07 ($179,584.23). Over the last 90 days, insiders bought 21 shares of company stock worth $69,615.
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About Schroders plc
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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