Schroders plc (LON:SDR) had its target price boosted by equities researchers at Numis Securities Ltd from GBX 3,556 ($46.42) to GBX 3,685 ($48.10) in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 33.03% from the company’s current price.
A number of other brokerages also recently commented on SDR. Liberum Capital downgraded shares of Schroders plc to a “hold” rating and lifted their price objective for the company from GBX 2,399 ($31.31) to GBX 2,789 ($36.41) in a research report on Friday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Schroders plc from GBX 3,000 ($39.16) to GBX 3,200 ($41.77) and gave the stock an “overweight” rating in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. raised their target price on shares of Schroders plc from GBX 2,930 ($38.25) to GBX 3,000 ($39.16) and gave the stock a “neutral” rating in a research note on Tuesday, September 27th. Panmure Gordon restated a “hold” rating and set a GBX 2,800 ($36.55) target price on shares of Schroders plc in a research note on Thursday, July 28th. Finally, Shore Capital restated a “buy” rating on shares of Schroders plc in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,856.64 ($37.29).
Shares of Schroders plc (LON:SDR) traded down 1.21% during mid-day trading on Wednesday, reaching GBX 2770.00. 536,241 shares of the company’s stock traded hands. The stock’s market cap is GBX 7.60 billion. The firm has a 50 day moving average price of GBX 2,746.38 and a 200-day moving average price of GBX 2,610.50. Schroders plc has a 12 month low of GBX 1,960.00 and a 12 month high of GBX 3,067.00.
The company also recently announced a dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th were given a GBX 29 ($0.38) dividend. This represents a dividend yield of 1.15%. The ex-dividend date was Thursday, August 18th.
In related news, insider Tosato,Massimo purchased 10 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average cost of GBX 2,702 ($35.27) per share, with a total value of £270.20 ($352.70).