Schroders (LON:SDR) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Schroders plc (LON:SDR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 371.95 and traded as high as GBX 390. Schroders shares last traded at GBX 388.04, with a volume of 281,646,313 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Schroders from GBX 400 to GBX 420 and gave the stock a “hold” rating in a research note on Monday, October 6th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 390 price target on shares of Schroders in a report on Friday, August 8th. Citigroup dropped their price objective on shares of Schroders from GBX 435 to GBX 430 and set a “buy” rating on the stock in a research note on Friday, October 24th. Royal Bank Of Canada lifted their target price on shares of Schroders from GBX 435 to GBX 440 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Schroders from GBX 386 to GBX 395 and gave the company a “neutral” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Schroders currently has a consensus rating of “Hold” and an average price target of GBX 409.57.

Schroders Trading Down 1.2%

The firm has a market capitalization of £5.94 billion, a price-to-earnings ratio of 17.19, a P/E/G 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. The company has a 50 day moving average price of GBX 380.05 and a two-hundred day moving average price of GBX 372.85.

Insiders Place Their Bets

In related news, insider Richard Oldfield acquired 68 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were acquired at an average cost of GBX 372 per share, with a total value of £252.96. Insiders have acquired 374 shares of company stock worth $144,840 in the last ninety days. Corporate insiders own 84.44% 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.