Schroders plc (SDR) Receives Outperform Rating from Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of Schroders plc (LON:SDR) in a research note published on Tuesday morning. The firm currently has a GBX 3,800 ($49.98) price objective on the stock.
Several other brokerages have also commented on SDR. J P Morgan Chase & Co restated a neutral rating and issued a GBX 3,550 ($46.69) price objective on shares of Schroders plc in a report on Friday, October 20th. Shore Capital restated a hold rating on shares of Schroders plc in a report on Thursday, October 19th. Citigroup Inc. lowered shares of Schroders plc to a neutral rating and set a GBX 3,760 ($49.45) price objective for the company. in a report on Monday, July 31st. Barclays PLC restated an underweight rating and issued a GBX 3,000 ($39.46) price objective on shares of Schroders plc in a report on Friday, July 28th. Finally, Numis Securities Ltd restated an add rating and issued a GBX 2,980 ($39.20) price objective on shares of Schroders plc in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 3,375.87 ($44.40).
Schroders plc (LON SDR) opened at GBX 3,457 ($45.47) on Tuesday. Schroders plc has a 1-year low of GBX 2,712.42 ($35.68) and a 1-year high of GBX 3,548 ($46.67).
In related news, insider Michael W. R. Dobson sold 51,678 shares of the stock in a transaction dated Thursday, November 23rd. The shares were sold at an average price of GBX 3,508 ($46.14), for a total transaction of £1,812,864.24 ($2,384,406.47). Also, insider Michael W. R. Dobson sold 213,389 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($45.48), for a total transaction of £7,378,991.62 ($9,705,368.43). Insiders sold a total of 297,374 shares of company stock worth $1,032,355,465 over the last ninety days.
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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