Schroders plc (LON:SDR)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a report issued on Monday. They currently have a GBX 2,900 ($36.45) target price on the stock. BNP Paribas’ price objective points to a potential downside of 4.29% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Morgan Stanley cut Schroders plc to an “equal weight” rating and dropped their price target for the company from GBX 3,245 ($40.78) to GBX 3,120 ($39.21) in a research note on Thursday, January 26th. Numis Securities Ltd restated a “buy” rating and issued a GBX 3,771 ($47.39) price target on shares of Schroders plc in a research note on Thursday, March 2nd. Citigroup Inc restated a “buy” rating on shares of Schroders plc in a research note on Friday, January 6th. Liberum Capital restated a “hold” rating and issued a GBX 2,750 ($34.56) price target on shares of Schroders plc in a research note on Thursday, March 2nd. Finally, Goldman Sachs Group Inc increased their price target on Schroders plc from GBX 3,100 ($38.96) to GBX 3,420 ($42.98) and gave the company a “neutral” rating in a research note on Tuesday, January 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Schroders plc presently has an average rating of “Hold” and an average target price of GBX 3,079.29 ($38.70).
Shares of Schroders plc (LON:SDR) traded down 0.33% during midday trading on Monday, hitting GBX 3030.00. 550,486 shares of the stock traded hands. The stock has a 50 day moving average of GBX 3,086.38 and a 200 day moving average of GBX 2,926.03. Schroders plc has a 1-year low of GBX 1,960.00 and a 1-year high of GBX 3,183.00. The company’s market capitalization is GBX 8.34 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, May 4th. Shareholders of record on Thursday, March 30th will be given a dividend of GBX 64 ($0.80) per share. This is a boost from Schroders plc’s previous dividend of $29.00. The ex-dividend date is Thursday, March 30th. This represents a yield of 2.1%.
In other news, insider Philip Mallinckrodt acquired 1,524,051 shares of the stock in a transaction on Monday, March 13th. The shares were purchased at an average price of GBX 3,137 ($39.42) per share, for a total transaction of £47,809,479.87 ($60,084,805.67). Insiders have acquired a total of 1,524,066 shares of company stock worth $4,780,993,456 in the last quarter.
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.