Schroders plc (LON:SDR) was downgraded by research analysts at Macquarie to an “underperform” rating in a research note issued on Monday. They currently have a GBX 2,214 ($26.98) target price on the stock, down from their prior target price of GBX 2,314 ($28.20). Macquarie’s price target points to a potential downside of 21.41% from the company’s previous close.
A number of other equities research analysts have also issued reports on SDR. BNP Paribas restated a “neutral” rating and set a GBX 2,550 ($31.08) price target on shares of Schroders plc in a report on Monday, June 27th. JPMorgan Chase & Co. cut their price target on shares of Schroders plc from GBX 3,275 ($39.91) to GBX 2,600 ($31.69) and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Barclays PLC cut their price target on shares of Schroders plc from GBX 2,880 ($35.10) to GBX 2,400 ($29.25) and set an “equal weight” rating on the stock in a report on Thursday, June 30th. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 2,800 ($34.13) price target on shares of Schroders plc in a report on Monday, July 4th. Finally, Jefferies Group cut their price target on shares of Schroders plc from GBX 3,103 ($37.82) to GBX 2,705 ($32.97) and set a “buy” rating on the stock in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,874.50 ($35.03).
Schroders plc (LON:SDR) opened at 2779.00 on Monday. Schroders plc has a one year low of GBX 1,960.00 and a one year high of GBX 3,067.00. The firm has a 50-day moving average of GBX 2,751.42 and a 200-day moving average of GBX 2,613.04. The firm’s market cap is GBX 7.63 billion.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were paid a GBX 29 ($0.35) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 1.15%.
In related news, insider Massimo Tosato acquired 10 shares of the company’s stock in a transaction on Monday, October 10th. The shares were purchased at an average price of GBX 2,763 ($33.67) per share, for a total transaction of £276.30 ($336.75). Also, insider Tosato,Massimo sold 6,410 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of GBX 2,703 ($32.94), for a total transaction of £173,262.30 ($211,166.73).
Schroders plc Company Profile
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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