Schroders (LON:SDR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Schroders plc (LON:SDR) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 490.99 and traded as high as GBX 583. Schroders shares last traded at GBX 581.50, with a volume of 1,295,769 shares.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Schroders to a “neutral” rating and upped their target price for the stock from GBX 460 to GBX 590 in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Schroders presently has an average rating of “Moderate Buy” and a consensus price target of GBX 453.33.

Schroders Stock Down 0.1%

The company has a debt-to-equity ratio of 20.74, a current ratio of 92.37 and a quick ratio of 4.32. The firm’s 50-day simple moving average is GBX 577.92 and its two-hundred day simple moving average is GBX 490.99. The company has a market capitalization of £9.07 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Richard Oldfield bought 44 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average cost of GBX 581 per share, for a total transaction of £255.64. Insiders have bought 249 shares of company stock worth $144,859 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

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. 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.