Schroders plc (LON:SDR) had its price objective increased by Jefferies Group LLC from GBX 3,345 ($41.54) to GBX 3,450 ($42.84) in a report released on Monday. They currently have a buy rating on the stock.
Other analysts have also recently issued reports about the company. Shore Capital cut Schroders plc to a hold rating in a research note on Monday, March 13th. JPMorgan Chase & Co. increased their target price on Schroders plc from GBX 3,350 ($41.60) to GBX 3,600 ($44.70) and gave the stock an overweight rating in a research note on Thursday, March 9th. Royal Bank of Canada cut Schroders plc to a sector performer rating and lowered their target price for the stock from GBX 3,400 ($42.22) to GBX 3,300 ($40.98) in a research note on Wednesday, March 22nd. Goldman Sachs Group Inc reissued a neutral rating and set a GBX 3,100 ($38.49) target price on shares of Schroders plc in a research note on Tuesday, December 13th. Finally, Barclays PLC reissued an equal weight rating on shares of Schroders plc in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 3,086.79 ($38.33).
Shares of Schroders plc (LON:SDR) opened at 3112.00 on Monday. The stock has a 50 day moving average of GBX 3,096.32 and a 200-day moving average of GBX 2,951.51. The firm’s market capitalization is GBX 8.56 billion. Schroders plc has a 52 week low of GBX 1,960.00 and a 52 week high of GBX 3,183.00.
TRADEMARK VIOLATION NOTICE: “Schroders plc (SDR) Price Target Raised to GBX 3,450” was originally published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at http://sleekmoney.com/schroders-plc-sdr-price-target-raised-to-gbx-3450/1739748.html.
The business also recently disclosed a dividend, which will be paid on Thursday, May 4th. Stockholders of record on Thursday, March 30th will be issued a GBX 64 ($0.79) dividend. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from Schroders plc’s previous dividend of $29.00.
In related news, insider Rakhi Goss-Custard acquired 669 shares of the business’s stock in a transaction dated Thursday, April 6th. The stock was bought at an average price of GBX 3,061 ($38.01) per share, with a total value of £20,478.09 ($25,429.14). Also, insider Philip Mallinckrodt acquired 1,524,051 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was bought at an average cost of GBX 3,137 ($38.95) per share, with a total value of £47,809,479.87 ($59,368,533.30). In the last three months, insiders bought 1,544,707 shares of company stock valued at $4,828,471,709.
Schroders plc Company Profile
Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, which consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives; Distribution, which employs people globally, specialising in sales, client service, marketing, product development and product management, and serving institutional and intermediary sales channels, and Infrastructure, which employs people in the information technology, operations, finance, risk management, human resources, legal, compliance and internal audit.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/schroders-plc-sdr-price-target-raised-to-gbx-3450/1739748.html
Receive News & Ratings for Schroders plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schroders plc and related companies with MarketBeat.com's FREE daily email newsletter.