Schroders (LON:SDR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Schroders plc (LON:SDR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 555.07 and traded as high as GBX 588.50. Schroders shares last traded at GBX 588, with a volume of 2,119,362 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Schroders to a “neutral” rating and raised their price objective for the company from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 453.33.

Schroders Price Performance

The company has a market cap of £9.17 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. The company has a debt-to-equity ratio of 20.74, a current ratio of 92.37 and a quick ratio of 4.32. The stock has a fifty day moving average price of GBX 584.83 and a two-hundred day moving average price of GBX 555.07.

Insider Activity

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