Citigroup Lowers Schroders (LON:SDR) Price Target to GBX 430

Key Points

• Citi Group has reduced its price target for Schroders from GBX 435 to GBX 430, maintaining a "buy" rating, which suggests a potential upside of 13.94% from the current share price.
• Other analysts have varied ratings for Schroders, with targets ranging from GBX 390 to GBX 455, and a consensus rating currently categorized as "Hold."
• Insider activity indicates strong confidence, as corporate insiders own 86.23% of the company's stock, with recent purchases amounting to £144,840.

Schroders (LON:SDR - Get Free Report) had its target price cut by equities researchers at Citigroup from GBX 435 to GBX 430 in a research note issued to investors on Friday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 13.94% from the stock's current price.

Several other research analysts also recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 435 target price on shares of Schroders in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Schroders from GBX 400 to GBX 420 and gave the company a "hold" rating in a research note on Monday, October 6th. UBS Group reaffirmed a "buy" rating and issued a GBX 455 price objective on shares of Schroders in a research note on Friday, October 17th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 390 price objective on shares of Schroders in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on Schroders from GBX 386 to GBX 395 and gave the company a "neutral" rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 408.86.

Schroders Price Performance

LON SDR traded up GBX 5.40 during trading on Friday, hitting GBX 377.40. 3,069,305 shares of the company's stock were exchanged, compared to its average volume of 5,074,263. The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The company has a market cap of £5.85 billion, a PE ratio of 16.92, a P/E/G ratio of 1.28 and a beta of 1.17. Schroders has a fifty-two week low of GBX 283.40 and a fifty-two week high of GBX 428.80. The stock's 50 day moving average price is GBX 381.99 and its two-hundred day moving average price is GBX 366.16.

Schroders (LON:SDR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 9.10 EPS for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. Research analysts expect that Schroders will post 33.7347131 EPS for the current year.

Insider Activity at Schroders

In other news, insider Richard Oldfield acquired 68 shares of Schroders stock in a transaction dated Wednesday, September 10th. The shares were bought at an average cost of GBX 372 per share, with a total value of £252.96. Over the last 90 days, insiders have acquired 374 shares of company stock valued at $144,840. Corporate insiders own 86.23% 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.

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