Schroders (LON:SDR) Price Target Lowered to GBX 375 at Royal Bank of Canada

Schroders (LON:SDR) had its target price reduced by equities researchers at Royal Bank of Canada from GBX 380 ($4.77) to GBX 375 ($4.71) in a note issued to investors on Tuesday, Digital Look reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 6.29% from the stock’s current price.

Separately, JPMorgan Chase & Co. decreased their price objective on Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an “overweight” rating on the stock in a report on Tuesday, March 5th.

Schroders Stock Performance

Shares of LON SDR traded down GBX 6 ($0.08) during mid-day trading on Tuesday, hitting GBX 352.80 ($4.43). The company had a trading volume of 1,981,105 shares, compared to its average volume of 1,878,609. The firm has a market cap of £5.68 billion, a P/E ratio of 1,470.00, a PEG ratio of 1.41 and a beta of 1.21. The company has a debt-to-equity ratio of 7.14, a current ratio of 1.17 and a quick ratio of 4.32. The business’s 50-day simple moving average is GBX 380.12 and its 200-day simple moving average is GBX 397.28. Schroders has a 12 month low of GBX 347 ($4.36) and a 12 month high of GBX 488.60 ($6.14).

Insider Activity

In other Schroders news, insider Richard Oldfield purchased 63 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of GBX 403 ($5.06) per share, with a total value of £253.89 ($318.92). 43.10% of the stock is owned by corporate insiders.

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.