Schroders plc (SDR) Receives “Neutral” Rating from BNP Paribas

BNP Paribas restated their neutral rating on shares of Schroders plc (LON:SDR) in a report published on Tuesday morning. The firm currently has a GBX 2,850 ($34.66) target price on the stock.

A number of other research analysts have also issued reports on the company. Barclays PLC increased their target price on Schroders plc from GBX 3,030 ($36.85) to GBX 3,100 ($37.70) and gave the company an equal weight rating in a research report on Thursday, November 10th. Goldman Sachs Group, Inc. (The) increased their target price on Schroders plc from GBX 2,930 ($35.63) to GBX 3,000 ($36.48) and gave the company a neutral rating in a research report on Tuesday, September 27th. Macquarie lowered Schroders plc to an underperform rating and decreased their price objective for the company from GBX 2,314 ($28.14) to GBX 2,214 ($26.92) in a report on Monday, October 17th. Numis Securities Ltd raised their price objective on Schroders plc from GBX 3,556 ($43.24) to GBX 3,685 ($44.81) and gave the company a buy rating in a report on Wednesday, October 5th. Finally, Jefferies Group raised their price objective on Schroders plc from GBX 2,705 ($32.90) to GBX 3,112 ($37.85) and gave the company a buy rating in a report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 2,925.79 ($35.58).

Schroders plc (LON:SDR) traded down 0.07% on Tuesday, hitting GBX 3035.00. 217,600 shares of the stock were exchanged. The firm’s market cap is GBX 8.33 billion. Schroders plc has a 52-week low of GBX 1,960.00 and a 52-week high of GBX 3,069.00. The stock’s 50 day moving average price is GBX 2,916.32 and its 200 day moving average price is GBX 2,743.40.

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In related news, insider Philip Mallinckrodt sold 3,775 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of GBX 2,236 ($27.19), for a total transaction of £84,409 ($102,649.88). Also, insider Peter Harrison bought 9 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were acquired at an average price of GBX 2,942 ($35.78) per share, with a total value of £264.78 ($322.00).

About Schroders plc

Schroders plc (Schroders) is the parent company of an international asset management and private banking group. Schroders operates three business segments: Asset Management, Private Banking and Group. Asset Management includes three divisions: Investment, which consists of its portfolio management, research and dealing functions across a product range covering equities, fixed income, multi-asset and alternatives; Distribution, which employs people globally, specialising in sales, client service, marketing, product development and product management, and serving institutional and intermediary sales channels, and Infrastructure, which employs people in the information technology, operations, finance, risk management, human resources, legal, compliance and internal audit.

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