Analysts Set Schroders plc (LON:SDR) Price Target at GBX 453.33

Schroders plc (LON:SDR) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 453.33.

Separately, Citigroup downgraded Schroders to a “neutral” rating and boosted their target price for the stock from GBX 460 to GBX 590 in a research note on Thursday, April 30th.

Schroders Stock Performance

Shares of SDR stock opened at GBX 588 on Tuesday. Schroders has a 12-month low of GBX 358.60 and a 12-month high of GBX 599.50. The business’s fifty day simple moving average is GBX 584.27 and its 200-day simple moving average is GBX 549.01. The company has a current ratio of 92.37, a quick ratio of 4.32 and a debt-to-equity ratio of 20.74. The company has a market cap of £9.17 billion, a PE ratio of 17.50, a PEG ratio of 1.28 and a beta of 1.08.

Insider Buying and Selling

In other Schroders news, insider Richard Oldfield purchased 43 shares of the stock in a transaction on Wednesday, June 10th. The stock was acquired at an average price of GBX 584 per share, with a total value of £251.12. Insiders bought 173 shares of company stock valued at $100,798 in the last three months. Company insiders own 1.72% of the company’s stock.

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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.