Schroders (LON:SDR) Stock Price Up 0.4% – What’s Next?

Schroders plc (LON:SDR) shares rose 0.4% during trading on Thursday . The company traded as high as GBX 313.40 ($4.00) and last traded at GBX 311.40 ($3.97). Approximately 4,576,318 shares were traded during trading, an increase of 59% from the average daily volume of 2,872,499 shares. The stock had previously closed at GBX 310.20 ($3.96).

Analysts Set New Price Targets

SDR has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on Schroders from GBX 427 ($5.45) to GBX 407 ($5.19) and set an “overweight” rating for the company in a research report on Thursday, November 7th. Royal Bank of Canada cut their price target on Schroders from GBX 355 ($4.53) to GBX 330 ($4.21) and set a “sector perform” rating for the company in a research note on Thursday, November 7th.

Schroders Stock Up 0.4 %

The business has a 50 day simple moving average of GBX 337.49 and a 200 day simple moving average of GBX 356.42. The company has a debt-to-equity ratio of 12.71, a current ratio of 4.89 and a quick ratio of 4.32. The company has a market capitalization of £5.04 billion, a price-to-earnings ratio of 1,297.50, a PEG ratio of 1.28 and a beta of 1.17.

Insider Transactions at Schroders

In other news, insider Peter Harrison acquired 72 shares of Schroders stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of GBX 354 ($4.52) per share, for a total transaction of £254.88 ($325.23). Insiders own 43.09% 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.