Shares of Schroders plc (LON:SDR) were down 1.2% on Tuesday . The company traded as low as GBX 3,470 ($46.11) and last traded at GBX 3,470 ($46.11). Approximately 307,271 shares traded hands during trading, a decline of 11% from the average daily volume of 345,219 shares. The stock had previously closed at GBX 3,512 ($46.66).
A number of analysts have weighed in on SDR shares. Royal Bank Of Canada upgraded Schroders plc to an “outperform” rating and increased their price target for the stock from GBX 3,300 ($43.85) to GBX 3,400 ($45.18) in a report on Monday, July 10th. Jefferies Group LLC increased their price target on Schroders plc from GBX 3,450 ($45.84) to GBX 3,593 ($47.74) and gave the stock a “buy” rating in a report on Tuesday, July 11th. Liberum Capital increased their price target on Schroders plc from GBX 2,789 ($37.06) to GBX 3,387 ($45.00) and gave the stock a “hold” rating in a report on Wednesday, July 12th. BNP Paribas reiterated a “neutral” rating and set a GBX 3,000 ($39.86) price target on shares of Schroders plc in a report on Tuesday, July 18th. Finally, Barclays PLC downgraded Schroders plc to an “underweight” rating and decreased their price target for the stock from GBX 3,200 ($42.52) to GBX 2,975 ($39.53) in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 3,398.73 ($45.16).
The company’s market capitalization is GBX 9.56 billion. The stock’s 50-day moving average price is GBX 3,354.50 and its 200-day moving average price is GBX 3,254.22.
The company also recently declared a dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th were issued a dividend of GBX 34 ($0.45) per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, August 17th.
In related news, insider Michael W. R. Dobson sold 213,389 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($45.95), for a total value of £7,378,991.62 ($9,804,665.98).
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Schroders plc 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.
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