Schroders (LON:SDR) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Schroders plc (LON:SDR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 392.06 and traded as high as GBX 464.40. Schroders shares last traded at GBX 461.19, with a volume of 2,560,042 shares traded.

Wall Street Analysts Forecast Growth

SDR has been the subject of several research analyst reports. Royal Bank Of Canada raised their price target on shares of Schroders from GBX 435 to GBX 440 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Citigroup reduced their price objective on Schroders from GBX 435 to GBX 430 and set a “buy” rating for the company in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on Schroders from GBX 400 to GBX 420 and gave the stock a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Schroders in a research report on Friday, January 9th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 420 price objective on shares of Schroders in a report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 413.86.

Schroders Stock Down 0.3%

The stock has a fifty day moving average price of GBX 404.06 and a 200 day moving average price of GBX 392.06. The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The stock has a market capitalization of £7.14 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

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.