Several other equities research analysts also recently weighed in on the stock. J P Morgan Chase & Co raised their target price on shares of Schroders plc from GBX 3,600 ($46.74) to GBX 3,650 ($47.38) and gave the company an overweight rating in a research note on Friday, April 28th. Numis Securities Ltd reiterated a buy rating and set a GBX 3,738 ($48.53) price objective on shares of Schroders plc in a research note on Wednesday, May 3rd. BNP Paribas reiterated a neutral rating and set a GBX 2,900 ($37.65) price objective on shares of Schroders plc in a research note on Monday, March 27th. Berenberg Bank initiated coverage on shares of Schroders plc in a research note on Thursday, June 15th. They set a buy rating and a GBX 3,580 ($46.48) price objective for the company. Finally, Shore Capital reiterated a hold rating on shares of Schroders plc in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 3,349.47 ($43.48).
Shares of Schroders plc (SDR) traded down 0.50% on Friday, reaching GBX 3380.00. The company’s stock had a trading volume of 234,671 shares. The company’s market cap is GBX 9.31 billion. Schroders plc has a 12-month low of GBX 2,621.00 and a 12-month high of GBX 3,522.00. The company’s 50 day moving average price is GBX 3,332.86 and its 200 day moving average price is GBX 3,167.59.
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The business also recently announced a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th will be paid a dividend of GBX 34 ($0.44) per share. The ex-dividend date is Thursday, August 17th. This represents a dividend yield of 1.01%.
In other Schroders plc news, insider Peter Harrison sold 4,427 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of GBX 3,141 ($40.78), for a total value of £139,052.07 ($180,516.77). Also, insider Richard Keers bought 10 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was purchased at an average price of GBX 3,139 ($40.75) per share, for a total transaction of £313.90 ($407.50). Insiders have purchased 24 shares of company stock worth $77,933 over the last 90 days.
About Schroders plc
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.
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