Schroders (SDR) Reaches New 12-Month High at $3,563.00

Schroders plc (LON:SDR)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 3,563 ($47.64) and last traded at GBX 3,562 ($47.63), with a volume of 188053 shares. The stock had previously closed at GBX 3,541 ($47.35).

Several research firms recently commented on SDR. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 3,550 ($47.47) price target on shares of Schroders in a research report on Friday, October 20th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 3,700 ($49.47) price target on shares of Schroders in a research report on Tuesday, October 3rd. Numis Securities lowered Schroders to a “hold” rating and reduced their price target for the stock from GBX 3,750 ($50.14) to GBX 3,560 ($47.60) in a research report on Friday, September 22nd. Berenberg Bank boosted their price target on Schroders from GBX 3,580 ($47.87) to GBX 3,640 ($48.67) and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Liberum Capital reissued a “hold” rating and set a GBX 3,564 ($47.65) price target on shares of Schroders in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Schroders has an average rating of “Hold” and an average target price of GBX 3,375.87 ($45.14).

The company has a market capitalization of $9,470.00 and a PE ratio of 1,864.92.

In related news, insider Michael W. R. Dobson sold 22,485 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of GBX 3,499 ($46.78), for a total transaction of £786,750.15 ($1,051,945.65). Also, insider Richard Keers purchased 8 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average cost of GBX 3,465 ($46.33) per share, for a total transaction of £277.20 ($370.64). Over the last three months, insiders have sold 297,374 shares of company stock worth $1,032,355,465.

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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.

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