Citigroup Inc. Downgrades Schroders plc (LON:SDR) to Neutral

Schroders plc (LON:SDR) was downgraded by equities researchers at Citigroup Inc. to a “neutral” rating in a report released on Monday, July 31st. They currently have a GBX 3,760 ($48.96) target price on the stock. Citigroup Inc.’s price target suggests a potential upside of 11.61% from the stock’s current price.

Several other research analysts also recently weighed in on SDR. UBS AG restated a “buy” rating and set a GBX 3,300 ($42.97) price objective on shares of Schroders plc in a report on Tuesday, April 4th. Jefferies Group LLC upped their price objective on shares of Schroders plc from GBX 3,345 ($43.56) to GBX 3,450 ($44.93) and gave the stock a “buy” rating in a report on Monday, April 10th. Shore Capital restated a “hold” rating on shares of Schroders plc in a report on Thursday, April 27th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,750 ($35.81) target price on shares of Schroders plc in a report on Thursday, April 27th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 3,738 ($48.68) target price on shares of Schroders plc in a report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 3,349.47 ($43.62).

Shares of Schroders plc (LON SDR) opened at 3369.00 on Monday. Schroders plc has a 52 week low of GBX 2,621.00 and a 52 week high of GBX 3,522.00. The firm has a 50-day moving average of GBX 3,299.89 and a 200 day moving average of GBX 3,153.64. The firm’s market capitalization is GBX 9.28 billion.

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In other Schroders plc news, insider Peter Harrison sold 4,427 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of GBX 3,141 ($40.90), for a total transaction of £139,052.07 ($181,080.96). Also, insider Michael W. R. Dobson sold 4,496 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of GBX 3,169 ($41.27), for a total transaction of £142,478.24 ($185,542.70). Insiders have purchased 24 shares of company stock valued at $77,933 in the last 90 days.

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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