The Schroders plc (SDR) Price Target Raised to GBX 2,850

The Schroders plc (SDR) Price Target Raised to GBX 2,850

Schroders plc (LON:SDR) had its price objective increased by BNP Paribas from GBX 2,600 ($32.18) to GBX 2,850 ($35.27) in a research note published on Tuesday morning. BNP Paribas currently has a neutral rating on the stock.

A number of other brokerages also recently commented on SDR. Liberum Capital reissued a hold rating and set a GBX 2,399 ($29.69) price objective on shares of Schroders plc in a research report on Tuesday, July 5th. Barclays PLC boosted their price objective on Schroders plc from GBX 2,400 ($29.70) to GBX 2,800 ($34.65) and gave the stock an equal weight rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. boosted their target price on Schroders plc from GBX 2,600 ($32.18) to GBX 3,000 ($37.13) and gave the stock an overweight rating in a research note on Friday, July 29th. Goldman Sachs Group Inc. boosted their target price on Schroders plc from GBX 2,930 ($36.26) to GBX 3,000 ($37.13) and gave the stock a neutral rating in a research note on Tuesday, September 27th. Finally, Shore Capital restated a buy rating on shares of Schroders plc in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 2,874.50 ($35.58).

Shares of Schroders plc (LON:SDR) opened at 2734.00 on Tuesday. The firm’s market cap is GBX 7.50 billion. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,067.00. The stock’s 50 day moving average is GBX 2,749.47 and its 200-day moving average is GBX 2,611.36.

The business also recently declared a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were paid a dividend of GBX 29 ($0.36) per share. This represents a dividend yield of 1.15%. The ex-dividend date was Thursday, August 18th.

In related news, insider Tosato,Massimo sold 6,410 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of GBX 2,703 ($33.45), for a total transaction of £173,262.30 ($214,433.54). Also, insider Massimo Tosato acquired 10 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were acquired at an average cost of GBX 2,763 ($34.20) per share, for a total transaction of £276.30 ($341.96).

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