Macquarie Reaffirms Underperform Rating for Schroders plc (SDR)

Macquarie reissued their underperform rating on shares of Schroders plc (LON:SDR) in a research note released on Friday. Macquarie currently has a GBX 2,214 ($27.40) price target on the stock.

SDR has been the subject of a number of other reports. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 2,800 ($34.65) price target on shares of Schroders plc in a report on Monday, July 4th. Numis Securities Ltd reissued a buy rating and issued a GBX 3,368 ($41.68) price target on shares of Schroders plc in a report on Thursday, July 28th. BNP Paribas reissued a neutral rating and issued a GBX 2,600 ($32.18) price target on shares of Schroders plc in a report on Friday, July 29th. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 2,790 ($34.53) target price on shares of Schroders plc in a research note on Tuesday, July 12th. Finally, Barclays PLC dropped their target price on Schroders plc from GBX 2,880 ($35.64) to GBX 2,400 ($29.70) and set an equal weight rating for the company in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. Schroders plc presently has a consensus rating of Hold and a consensus price target of GBX 2,874.50 ($35.58).

Analyst Recommendations for Schroders plc (LON:SDR)

Shares of Schroders plc (LON:SDR) opened at 2810.00 on Friday. The firm’s market cap is GBX 7.71 billion. The firm has a 50-day moving average price of GBX 2,748.32 and a 200-day moving average price of GBX 2,610.23. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,067.00.

The business also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were given a GBX 29 ($0.36) dividend. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.

In related news, insider Tosato,Massimo bought 10 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of GBX 2,702 ($33.44) per share, with a total value of £270.20 ($334.41).

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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