Schroders plc (LON:SDR) insider Massimo Tosato acquired 10 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were acquired at an average price of GBX 2,763 ($34.20) per share, with a total value of £276.30 ($341.96).
Shares of Schroders plc (LON:SDR) opened at 2734.00 on Friday. The company has a 50 day moving average of GBX 2,749.47 and a 200-day moving average of GBX 2,611.36. Schroders plc has a 12-month low of GBX 1,960.00 and a 12-month high of GBX 3,067.00. The firm’s market cap is GBX 7.50 billion.
The business also recently declared a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 18th were issued a dividend of GBX 29 ($0.36) per share. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.15%.
Several research firms have issued reports on SDR. Jefferies Group decreased their price objective on shares of Schroders plc from GBX 3,103 ($38.40) to GBX 2,705 ($33.48) and set a “buy” rating for the company in a research note on Tuesday, July 5th. Shore Capital restated a “buy” rating on shares of Schroders plc in a research note on Thursday, July 28th. BNP Paribas restated a “neutral” rating and issued a GBX 2,600 ($32.18) target price on shares of Schroders plc in a research note on Friday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Schroders plc from GBX 3,000 ($37.13) to GBX 3,200 ($39.60) and gave the company an “overweight” rating in a research note on Tuesday, September 13th. Finally, Royal Bank Of Canada decreased their target price on shares of Schroders plc from GBX 3,000 ($37.13) to GBX 2,900 ($35.89) and set an “outperform” rating for the company in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,874.50 ($35.58).
About Schroders plc
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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