Analysts Set Schroders plc (LON:SDR) Price Target at GBX 3,576.43

Shares of Schroders plc (LON:SDR) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,576.43 ($46.73).

Several equities analysts have weighed in on SDR shares. Morgan Stanley lowered their price target on shares of Schroders from GBX 3,890 ($50.82) to GBX 3,700 ($48.34) and set an “equal weight” rating on the stock in a report on Thursday, October 7th. JPMorgan Chase & Co. lifted their price objective on shares of Schroders from GBX 3,485 ($45.53) to GBX 3,900 ($50.95) and gave the company a “neutral” rating in a research report on Friday, July 30th. Royal Bank of Canada lifted their price objective on shares of Schroders from GBX 3,400 ($44.42) to GBX 3,600 ($47.03) and gave the company a “sector perform” rating in a research report on Tuesday, August 3rd. Barclays lifted their price objective on shares of Schroders from GBX 3,550 ($46.38) to GBX 3,675 ($48.01) and gave the company an “equal weight” rating in a research report on Friday, July 30th. Finally, Credit Suisse Group lifted their price objective on shares of Schroders from GBX 3,430 ($44.81) to GBX 3,700 ($48.34) and gave the company a “neutral” rating in a research report on Monday, August 2nd.

In other Schroders news, insider Richard Keers purchased 8 shares of Schroders stock in a transaction that occurred on Friday, September 10th. The shares were bought at an average price of GBX 3,810 ($49.78) per share, for a total transaction of £304.80 ($398.22).

SDR opened at GBX 3,553 ($46.42) on Monday. The company has a current ratio of 5.84, a quick ratio of 5.69 and a debt-to-equity ratio of 9.31. The company has a market cap of £10.04 billion and a price-to-earnings ratio of 17.94. The company’s 50 day moving average is GBX 3,686.23 and its 200 day moving average is GBX 3,612.80. Schroders has a 12-month low of GBX 2,585 ($33.77) and a 12-month high of GBX 3,913 ($51.12).

The firm also recently declared a dividend, which was paid on Thursday, September 23rd. Investors of record on Thursday, August 19th were given a GBX 37 ($0.48) dividend. This represents a yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 19th. Schroders’s dividend payout ratio is presently 0.58%.

Schroders Company Profile

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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Analyst Recommendations for Schroders (LON:SDR)

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