Schroders (LON:SDR) Price Target Raised to GBX 475

Schroders (LON:SDR) had its target price upped by Royal Bank of Canada from GBX 395 ($5.12) to GBX 475 ($6.16) in a research note issued to investors on Thursday, MarketBeat.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Schroders from GBX 375 ($4.86) to GBX 400 ($5.19) and gave the stock a “hold” rating in a report on Friday, March 7th.

Schroders Trading Down 0.6 %

Shares of LON:SDR opened at GBX 378.20 ($4.90) on Thursday. Schroders has a twelve month low of GBX 298.60 ($3.87) and a twelve month high of GBX 428.80 ($5.56). The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The firm has a market cap of £5.87 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a 50 day moving average of GBX 363.32 and a 200-day moving average of GBX 343.40.

Schroders (LON:SDR) last released its earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. As a group, analysts anticipate that Schroders will post 33.7347131 earnings per share for the current fiscal year.

Schroders Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 24th. Shareholders of record on Thursday, March 20th will be given a GBX 35.55 ($0.46) dividend. This is a positive change from Schroders’s previous dividend of $10.00. The ex-dividend date is Thursday, March 20th. This represents a yield of 4.5%. Schroders’s payout ratio is 96.08%.

Insider Activity

In related news, insider Richard Oldfield acquired 80 shares of the business’s stock in a transaction on Friday, January 10th. The shares were purchased at an average price of GBX 313 ($4.06) per share, for a total transaction of £250.40 ($324.69). Insiders own 43.09% of the company’s stock.

About Schroders

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.