Schroders (LON:SDR) Stock Crosses Above 200-Day Moving Average – Here’s Why

Schroders plc (LON:SDR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 340.78 ($4.24) and traded as high as GBX 344.07 ($4.28). Schroders shares last traded at GBX 343.20 ($4.27), with a volume of 2,050,064 shares traded.

Analysts Set New Price Targets

Several research firms have recently commented on SDR. Royal Bank of Canada dropped their target price on shares of Schroders from GBX 355 ($4.42) to GBX 330 ($4.11) and set a “sector perform” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Schroders from GBX 427 ($5.31) to GBX 407 ($5.06) and set an “overweight” rating for the company in a research note on Thursday, November 7th.

Schroders Stock Performance

The firm has a market capitalization of £5.55 billion, a P/E ratio of 1,437.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71. The business’s 50 day simple moving average is GBX 316.56 and its two-hundred day simple moving average is GBX 340.78.

Insider Buying and Selling at Schroders

In related news, insider Richard Oldfield purchased 80 shares of Schroders stock in a transaction dated Friday, January 10th. The stock was purchased at an average cost of GBX 313 ($3.89) per share, for a total transaction of £250.40 ($311.56). 43.09% of the stock is owned by company insiders.

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.