Schroders plc (LON:SDR) had its price target lifted by BNP Paribas from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) in a research note released on Tuesday. They currently have a neutral rating on the stock.
A number of other research analysts have also recently commented on the company. Macquarie restated an underperform rating and set a GBX 2,214 ($27.40) price target on shares of Schroders plc in a research note on Friday, October 7th. Numis Securities Ltd upped their price target on Schroders plc from GBX 3,556 ($44.01) to GBX 3,685 ($45.61) and gave the stock a buy rating in a research note on Wednesday, October 5th. Goldman Sachs Group Inc. upped their price target on Schroders plc from GBX 2,930 ($36.26) to GBX 3,000 ($37.13) and gave the stock a neutral rating in a research note on Tuesday, September 27th. JPMorgan Chase & Co. upped their price target on Schroders plc from GBX 3,000 ($37.13) to GBX 3,200 ($39.60) and gave the stock an overweight rating in a research note on Tuesday, September 13th. Finally, Liberum Capital cut Schroders plc to a hold rating and upped their price target for the stock from GBX 2,399 ($29.69) to GBX 2,789 ($34.52) in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Schroders plc presently has an average rating of Hold and an average price target of GBX 2,874.50 ($35.58).
Shares of Schroders plc (LON:SDR) opened at 2748.00 on Tuesday. The firm’s 50-day moving average price is GBX 2,749.89 and its 200-day moving average price is GBX 2,613.44. The firm’s market cap is GBX 7.54 billion. Schroders plc has a 12 month low of GBX 1,960.00 and a 12 month high of GBX 3,067.00.
The company also recently disclosed 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. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 18th.
In related news, insider Massimo Tosato purchased 10 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were purchased at an average price of GBX 2,763 ($34.20) per share, with a total value of £276.30 ($341.96). Also, insider Tosato,Massimo sold 6,410 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of GBX 2,703 ($33.45), for a total value of £173,262.30 ($214,433.54).
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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