Schroders (LON:SDR) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Schroders plc (LON:SDR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 342.36 ($4.43) and traded as high as GBX 389 ($5.03). Schroders shares last traded at GBX 386.40 ($5.00), with a volume of 2,023,236 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the company a “hold” rating in a research report on Friday, March 7th.

Schroders Stock Up 2.0 %

The company’s fifty day moving average is GBX 358.35 and its 200-day moving average is GBX 342.37. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90. The company has a market capitalization of £6.00 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

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

Insiders Place Their Bets

In other news, insider Richard Oldfield bought 80 shares of the stock in a transaction dated Friday, January 10th. The stock was purchased at an average cost of GBX 313 ($4.05) per share, for a total transaction of £250.40 ($323.89). Corporate 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.