JPMorgan Chase & Co. Lowers Schroders (LON:SDR) Price Target to GBX 3,400

Schroders (LON:SDRGet Rating) had its target price lowered by analysts at JPMorgan Chase & Co. from GBX 3,500 ($43.72) to GBX 3,400 ($42.47) in a report released on Tuesday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.55% from the company’s current price.

Other research analysts have also recently issued reports about the company. Citigroup reaffirmed a “neutral” rating on shares of Schroders in a research note on Monday, April 11th. Barclays lifted their price target on Schroders from GBX 3,650 ($45.60) to GBX 3,750 ($46.85) and gave the stock an “equal weight” rating in a research note on Thursday, March 3rd. 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 report on Friday, January 28th. Morgan Stanley lowered their price target on shares of Schroders from GBX 3,920 ($48.97) to GBX 3,720 ($46.47) and set an “equal weight” rating for the company in a report on Tuesday, March 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 3,200 ($39.98) price target on shares of Schroders in a report on Wednesday, April 20th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 3,566.29 ($44.55).

Shares of Schroders stock opened at GBX 2,868 ($35.83) on Tuesday. The stock has a market capitalization of £8.10 billion and a price-to-earnings ratio of 13.27. The company has a fifty day moving average of GBX 3,102.57 and a 200-day moving average of GBX 3,352.69. 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 debt-to-equity ratio of 8.45, a quick ratio of 1.25 and a current ratio of 1.35.

In other news, insider Peter Harrison sold 4,606 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was 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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