Schroders (LON:SDR) Raised to Buy at Citigroup

Key Points

• Schroders has been upgraded to a "buy" rating by Citigroup, with a new price target of GBX 435, indicating a potential upside of 10.46% from the current price.
• Other analysts have mixed views, with JPMorgan maintaining a "neutral" rating and a price target of GBX 373, while Royal Bank of Canada also set a target of GBX 435.
• Insider trading activity shows confidence in the firm, as insiders purchased a total of 379 shares valued at about $144,963 over the last 90 days.

Schroders (LON:SDR - Get Free Report) was upgraded by analysts at Citigroup to a "buy" rating in a research report issued on Friday,Digital Look reports. The brokerage presently has a GBX 435 price objective on the stock, up from their prior price objective of GBX 420. Citigroup's price objective would indicate a potential upside of 10.46% from the stock's current price.

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 373 target price on shares of Schroders in a research report on Monday, July 7th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 435 price target on shares of Schroders in a research note on Wednesday, August 6th. 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of Schroders from GBX 390 to GBX 400 and gave the stock a "hold" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 395.

Schroders Stock Up 3.7%

Shares of SDR opened at GBX 393.80 on Friday. The firm has a market capitalization of £6.11 billion, a P/E ratio of 1,765.92, a P/E/G ratio of 1.28 and a beta of 1.17. Schroders has a 12-month low of GBX 283.40 and a 12-month high of GBX 428.80. The firm has a fifty day moving average price of GBX 383.50 and a 200-day moving average price of GBX 362.88. The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95.

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

Insiders Place Their Bets

In related news, insider Richard Oldfield bought 68 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were bought at an average price of GBX 372 per share, for a total transaction of £252.96. Insiders bought a total of 379 shares of company stock worth $144,963 over the last 90 days. 86.23% of the stock is owned by company 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.

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