Canaccord Genuity Group Has Lowered Expectations for Schroders (LON:SDR) Stock Price

Schroders (LON:SDR - Get Free Report) had its price objective dropped by investment analysts at Canaccord Genuity Group from GBX 496 ($6.58) to GBX 337 ($4.47) in a report issued on Wednesday, MarketBeat reports. The firm currently has a "hold" rating on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 1.81% from the company's previous close.

Several other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Schroders from GBX 375 ($4.98) to GBX 400 ($5.31) and gave the stock a "hold" rating in a research report on Friday, March 7th. Royal Bank of Canada boosted their price target on Schroders from GBX 395 ($5.24) to GBX 475 ($6.30) and gave the company an "outperform" rating in a research report on Thursday, March 20th.

Schroders Stock Performance

LON SDR traded down GBX 1.60 ($0.02) during trading hours on Wednesday, hitting GBX 331 ($4.39). The company had a trading volume of 4,797,657 shares, compared to its average volume of 6,673,008. The business has a 50 day moving average of GBX 346.94 and a 200-day moving average of GBX 339.56. The company has a market cap of £5.14 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. Schroders has a 1-year low of GBX 283.40 ($3.76) and a 1-year high of GBX 428.80 ($5.69). The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90.

Schroders (LON:SDR - Get Free Report) last announced its earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.35) earnings per share (EPS) for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. As a group, equities research analysts expect that Schroders will post 33.7347131 EPS for the current year.

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.