Citigroup Reaffirms “Neutral” Rating for Schroders (LON:SDR)

Schroders (LON:SDRGet Rating)‘s stock had its “neutral” rating restated by stock analysts at Citigroup in a research note issued to investors on Monday, April 11th, Marketbeat reports.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 3,300 ($41.22) price target on shares of Schroders in a research note on Friday, April 1st. Barclays raised their target price on shares of Schroders from GBX 3,650 ($45.60) to GBX 3,750 ($46.85) and gave the company an “equal weight” rating in a research report on Thursday, March 3rd. Morgan Stanley cut their target price on shares of Schroders from GBX 3,920 ($48.97) to GBX 3,720 ($46.47) and set an “equal weight” rating on the stock in a research report on Tuesday, March 29th. Finally, Canaccord Genuity Group cut their target price on shares of Schroders from GBX 3,579 ($44.71) to GBX 3,544 ($44.27) and set a “hold” rating on the stock in a research report on Friday, January 28th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 3,566.29 ($44.55).

SDR stock traded down GBX 2 ($0.02) during trading on Monday, hitting GBX 2,860 ($35.73). The company had a trading volume of 359,564 shares, compared to its average volume of 407,649. The firm has a market capitalization of £8.08 billion and a P/E ratio of 13.21. Schroders has a 52-week low of GBX 2,674 ($33.40) and a 52-week high of GBX 3,913 ($48.88). The company has a 50 day simple moving average of GBX 3,095.83 and a 200-day simple moving average of GBX 3,348.45. The company has a quick ratio of 1.25, a current ratio of 1.35 and a debt-to-equity ratio of 8.45.

In other news, insider Peter Harrison sold 4,606 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of GBX 2,894 ($36.15), for a total value of £133,297.64 ($166,517.98).

About Schroders (Get Rating)

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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