JPMorgan Chase & Co. Issues Pessimistic Forecast for Schroders (LON:SDR) Stock Price

Schroders (LON:SDR) had its price target dropped by stock analysts at JPMorgan Chase & Co. from GBX 427 ($5.56) to GBX 407 ($5.30) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 34.59% from the company’s current price.

Separately, Royal Bank of Canada dropped their target price on Schroders from GBX 355 ($4.62) to GBX 330 ($4.30) and set a “sector perform” rating on the stock in a report on Thursday.

Schroders Stock Down 1.6 %

LON:SDR opened at GBX 302.40 ($3.94) on Thursday. The business’s fifty day moving average price is GBX 346.67 and its 200 day moving average price is GBX 361.98. The firm has a market capitalization of £4.87 billion, a price-to-earnings ratio of 1,260.00, a PEG ratio of 1.28 and a beta of 1.17. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71. Schroders has a 1-year low of GBX 298.80 ($3.89) and a 1-year high of GBX 447.60 ($5.83).

Insider Activity

In other news, insider Peter Harrison acquired 72 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). In other Schroders news, insider Richard Oldfield acquired 75 shares of Schroders 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 bought 72 shares of the stock in a transaction on Thursday, October 10th. The shares were acquired at an average cost of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). Insiders have purchased a total of 219 shares of company stock worth $75,099 in the last ninety days. Corporate insiders own 43.09% of the company’s stock.

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.