Schroders (LON:SDR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Schroders plc (LON:SDR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 339.87 ($4.25) and traded as high as GBX 362.80 ($4.54). Schroders shares last traded at GBX 362.80 ($4.54), with a volume of 2,921,939 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SDR. JPMorgan Chase & Co. dropped their price target on Schroders from GBX 427 ($5.34) to GBX 407 ($5.09) and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on Schroders from GBX 355 ($4.44) to GBX 330 ($4.13) and set a “sector perform” rating on the stock in a research report on Thursday, November 7th.

Schroders Trading Up 1.0 %

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 stock has a market capitalization of £5.90 billion, a price-to-earnings ratio of 1,527.50, a PEG ratio of 1.28 and a beta of 1.17. The firm has a 50-day moving average of GBX 321.31 and a 200 day moving average of GBX 339.87.

Insider Activity at Schroders

In other news, insider Richard Oldfield purchased 80 shares of the stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of GBX 313 ($3.91) per share, for a total transaction of £250.40 ($313.04). 43.09% of the stock is owned by insiders.

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.