Schroders (LON:SDR) Sets New 52-Week High – Still a Buy?

Schroders plc (LON:SDR)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 406 ($5.23) and last traded at GBX 399.80 ($5.15), with a volume of 6925031 shares changing hands. The stock had previously closed at GBX 380.20 ($4.90).

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SDR shares. JPMorgan Chase & Co. reduced their price objective on shares of Schroders from GBX 427 ($5.50) to GBX 407 ($5.25) and set an “overweight” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price objective on shares of Schroders from GBX 355 ($4.58) to GBX 330 ($4.25) and set a “sector perform” rating for the company in a research note on Thursday, November 7th.

Schroders Price Performance

The business’s 50-day moving average price is GBX 347.49 and its 200 day moving average price is GBX 339.55. The stock has a market capitalization of £6.23 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90.

Insider Activity

In other news, insider Richard Oldfield purchased 80 shares of Schroders stock in a transaction dated Friday, January 10th. The stock was purchased at an average cost of GBX 313 ($4.03) per share, for a total transaction of £250.40 ($322.76). Company 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.