Schroders (LON:SDR) Given New GBX 330 Price Target at Royal Bank of Canada

Schroders (LON:SDR) had its price objective cut by research analysts at Royal Bank of Canada from GBX 355 ($4.62) to GBX 330 ($4.30) in a note issued to investors on Thursday,Digital Look reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.35% from the company’s current price.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Schroders in a research report on Tuesday, September 3rd.

Schroders Stock Performance

Shares of LON SDR traded down GBX 2.60 ($0.03) during midday trading on Thursday, hitting GBX 307.40 ($4.00). 2,761,082 shares of the company’s stock were exchanged, compared to its average volume of 2,807,482. Schroders has a twelve month low of GBX 307 ($4.00) and a twelve month high of GBX 447.60 ($5.83). The company has a debt-to-equity ratio of 12.71, a current ratio of 4.89 and a quick ratio of 4.32. The firm has a market cap of £4.95 billion, a P/E ratio of 1,280.83, a PEG ratio of 1.28 and a beta of 1.17. The stock’s 50 day moving average price is GBX 348.28 and its 200-day moving average price is GBX 362.88.

Insider Buying and Selling

In other news, insider Peter Harrison acquired 72 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were purchased at an average cost of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). In other news, insider Richard Oldfield acquired 75 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of GBX 337 ($4.39) per share, with a total value of £252.75 ($329.02). Also, insider Peter Harrison acquired 72 shares of the stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). Insiders have bought a total of 219 shares of company stock valued at $75,099 over the last three months. 43.09% of the stock is owned by corporate insiders.

About Schroders

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.