Schroders (LON:SDR) Reaches New 12-Month High – Here’s Why

Schroders plc (LON:SDR) hit a new 52-week high on Thursday . The stock traded as high as GBX 454.60 and last traded at GBX 452.40, with a volume of 155845516 shares traded. The stock had previously closed at GBX 417.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup cut their target price 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. UBS Group restated a “buy” rating and set a GBX 455 price objective on shares of Schroders in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Schroders from GBX 400 to GBX 420 and gave the stock a “hold” rating in a report on Monday, October 6th. Jefferies Financial Group restated a “hold” rating and issued a GBX 420 target price on shares of Schroders in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Schroders in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 413.86.

Schroders Trading Up 1.9%

The company has a market capitalization of £7.24 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a 50-day simple moving average of GBX 399.04 and a 200 day simple moving average of GBX 389.60. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90.

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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.