Schroders (LON:SDR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Schroders plc (LON:SDR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 339.98 ($4.30) and traded as high as GBX 386.20 ($4.88). Schroders shares last traded at GBX 384 ($4.85), with a volume of 4,982,062 shares.

Analysts Set New Price Targets

SDR has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Schroders from GBX 427 ($5.39) to GBX 407 ($5.14) and set an “overweight” rating for the company in a report on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of Schroders from GBX 355 ($4.49) to GBX 330 ($4.17) and set a “sector perform” rating for the company in a research report on Thursday, November 7th.

Schroders Stock Performance

The company has a market cap of £5.96 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company’s 50-day moving average is GBX 337.45 and its two-hundred day moving average is GBX 339.61. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95.

Insiders Place Their Bets

In other Schroders news, insider Richard Oldfield bought 80 shares of the business’s stock in a transaction on Friday, January 10th. The stock was purchased at an average price of GBX 313 ($3.95) per share, for a total transaction of £250.40 ($316.36). Company insiders own 43.09% of the company’s stock.

About Schroders

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.