Schroders (LON:SDR) Shares Pass Above 200-Day Moving Average – Time to Sell?

Schroders plc (LON:SDR) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 343.87 ($4.62) and traded as high as GBX 366.40 ($4.93). Schroders shares last traded at GBX 364.11 ($4.90), with a volume of 11,994,604 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on SDR. Royal Bank Of Canada increased their price objective on Schroders from GBX 395 ($5.31) to GBX 475 ($6.39) and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Canaccord Genuity Group reduced their price target on shares of Schroders from GBX 496 ($6.67) to GBX 337 ($4.53) and set a “hold” rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 357 ($4.80) price target on shares of Schroders in a research report on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Schroders from GBX 375 ($5.04) to GBX 400 ($5.38) and gave the stock a “hold” rating in a research report on Friday, March 7th.

Schroders Price Performance

The stock has a 50 day moving average price of GBX 343.60 and a two-hundred day moving average price of GBX 343.87. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90. The company has a market capitalization of £5.65 billion, a PE ratio of 15.90, a P/E/G ratio of 1.28 and a beta of 1.17.

Insider Transactions at Schroders

In other Schroders news, insider Richard Oldfield purchased 68 shares of the business’s stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average price of GBX 371 ($4.99) per share, for a total transaction of £252.28 ($339.27). Company 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.