Schroders (LON:SDR) had its price objective lifted by analysts at Morgan Stanley from GBX 3,450 ($47.67) to GBX 3,750 ($51.81) in a research report issued to clients and investors on Thursday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 7.76% from the stock’s previous close.
Several other equities analysts have also commented on SDR. Credit Suisse Group reissued an “outperform” rating and set a GBX 3,800 ($52.50) price target on shares of Schroders in a research report on Tuesday, November 21st. JPMorgan Chase & Co. upped their target price on Schroders from GBX 3,600 ($49.74) to GBX 3,700 ($51.12) and gave the company a “neutral” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,464.14 ($47.86).
Schroders (SDR) opened at GBX 3,480 ($48.08) on Thursday. The company has a market capitalization of $9,250.00 and a P/E ratio of 1,821.99. Schroders has a 52-week low of GBX 2,997 ($41.41) and a 52-week high of GBX 3,784 ($52.28).
In other Schroders news, insider Richard Keers bought 8 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of GBX 3,465 ($47.87) per share, with a total value of £277.20 ($382.98).
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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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