Schroders (LON:SDR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Schroders plc (LON:SDR)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 397.34 and traded as high as GBX 461.40. Schroders shares last traded at GBX 455.80, with a volume of 2,255,527 shares.

Analysts Set New Price Targets

A number of research firms have commented on SDR. Citigroup decreased their target price on shares of Schroders from GBX 435 to GBX 430 and set a “buy” rating on the stock in a research report on Friday, October 24th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 420 target price on shares of Schroders in a report on Friday, January 9th. Royal Bank Of Canada lifted their price objective on Schroders from GBX 435 to GBX 440 and gave the company a “buy” rating in a research note on Thursday, October 30th. UBS Group reiterated a “buy” rating and issued a GBX 455 price objective on shares of Schroders in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Schroders in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Schroders has a consensus rating of “Moderate Buy” and an average target price of GBX 413.86.

Schroders Trading Up 0.3%

The company’s fifty day moving average is GBX 419.80 and its two-hundred day moving average is GBX 397.34. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95. The stock has a market cap of £7.09 billion, a price-to-earnings ratio of 20.49, a PEG 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.