JPMorgan Chase & Co. Lowers Schroders (LON:SDR) Price Target to GBX 407

Schroders (LON:SDR) had its target price reduced by stock analysts at JPMorgan Chase & Co. from GBX 427 ($5.56) to GBX 407 ($5.30) in a report issued on Thursday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 32.40% from the stock’s previous close.

Separately, Royal Bank of Canada lowered their price objective on Schroders from GBX 355 ($4.62) to GBX 330 ($4.30) and set a “sector perform” rating for the company in a research report on Thursday.

Schroders Trading Down 0.8 %

Schroders stock traded down GBX 2.60 ($0.03) during midday trading on Thursday, hitting GBX 307.40 ($4.00). 2,761,082 shares of the stock were exchanged, compared to its average volume of 2,807,482. Schroders has a fifty-two week low of GBX 307 ($4.00) and a fifty-two week high of GBX 447.60 ($5.83). The stock has a market capitalization of £4.95 billion, a price-to-earnings ratio of 1,280.83, a PEG ratio of 1.28 and a beta of 1.17. The stock’s 50-day simple moving average is GBX 348.28 and its 200 day simple moving average is GBX 362.88. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71.

Insider Buying and Selling

In other Schroders news, insider Peter Harrison acquired 72 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was purchased at an average price of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). In other news, insider Richard Oldfield purchased 75 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of GBX 337 ($4.39) per share, with a total value of £252.75 ($329.02). Also, insider Peter Harrison acquired 72 shares of the stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). Over the last three months, insiders have purchased 219 shares of company stock valued at $75,099. Insiders own 43.09% 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.