JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Schroders (LON:SDR) Stock

Key Points

• JPMorgan Chase & Co. raised its target price for Schroders from GBX 386 to GBX 395, indicating a potential upside of 5.17% from the stock's previous close.
• A variety of analysts have issued ratings on Schroders, with three giving a "Buy" rating and four issuing a "Hold", resulting in an average price target of GBX 409.57.
• Insider transactions show confidence in the company, as insiders purchased 374 shares valued at over £144,000 in the last ninety days, owning around 86.23% of the company's stock.

Schroders (LON:SDR - Get Free Report) had its target price raised by equities research analysts at JPMorgan Chase & Co. from GBX 386 to GBX 395 in a note issued to investors on Monday,Digital Look reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 5.17% from the stock's previous close.

A number of other equities analysts have also recently issued reports on SDR. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 390 target price on shares of Schroders in a report on Friday, August 8th. Citigroup upgraded Schroders to a "buy" rating and raised their price objective for the company from GBX 420 to GBX 435 in a research note on Friday, October 3rd. UBS Group restated a "buy" rating and set a GBX 455 price objective on shares of Schroders in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their target price on Schroders from GBX 400 to GBX 420 and gave the company a "hold" rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 435 target price on shares of Schroders in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Schroders currently has an average rating of "Hold" and an average price target of GBX 409.57.

Schroders Price Performance

Shares of SDR opened at GBX 375.60 on Monday. Schroders has a 12-month low of GBX 283.40 and a 12-month high of GBX 428.80. The business's fifty day moving average is GBX 383.77 and its 200 day moving average is GBX 365.03. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95. The stock has a market cap of £5.82 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.28 and a beta of 1.17.

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

Insiders Place Their Bets

In other news, insider Richard Oldfield bought 68 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was bought at an average price of GBX 372 per share, for a total transaction of £252.96. In the last ninety days, insiders purchased 374 shares of company stock valued at $144,840. 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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