Schroders plc (SDR) Downgraded by Numis Securities Ltd to Hold
Numis Securities Ltd cut shares of Schroders plc (LON:SDR) to a hold rating in a report released on Friday morning. Numis Securities Ltd currently has GBX 3,560 ($48.00) target price on the stock, down from their prior target price of GBX 3,750 ($50.56).
SDR has been the subject of a number of other research reports. J P Morgan Chase & Co cut shares of Schroders plc to a neutral rating and dropped their price objective for the company from GBX 3,750 ($50.56) to GBX 3,550 ($47.86) in a report on Thursday. Berenberg Bank began coverage on shares of Schroders plc in a report on Thursday, June 15th. They issued a buy rating and a GBX 3,580 ($48.27) price objective for the company. BNP Paribas restated a neutral rating and issued a GBX 3,000 ($40.45) price objective on shares of Schroders plc in a report on Tuesday, July 18th. Shore Capital restated a hold rating on shares of Schroders plc in a report on Thursday, July 27th. Finally, Credit Suisse Group restated 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, ten have given a hold rating and five have given a buy rating to the company. Schroders plc currently has an average rating of Hold and a consensus price target of GBX 3,378.73 ($45.55).
Schroders plc (LON SDR) traded up 0.67% during trading on Friday, hitting GBX 3288.00. 318,230 shares of the stock were exchanged. Schroders plc has a 12 month low of GBX 2,621.00 and a 12 month high of GBX 3,522.00. The stock’s market cap is GBX 9.06 billion. The stock’s 50 day moving average price is GBX 3,375.59 and its 200 day moving average price is GBX 3,218.24.
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The company also recently declared a dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, August 17th were issued a dividend of GBX 34 ($0.46) per share. This represents a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 17th.
Schroders plc 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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