Schroders (LON:SDR) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Schroders plc shares have recently surpassed their 200-day moving average with a last trading price of GBX 403 ($5.42), indicating a positive trend in stock performance.
• Analysts have varied opinions on Schroders, with target price adjustments from firms like JPMorgan, Canaccord Genuity, and Royal Bank of Canada, reflecting a mix of caution and optimism.
• Insider transactions showed that corporate insiders, including Richard Oldfield, have been actively purchasing shares, suggesting confidence in the company's future prospects.

Schroders plc (LON:SDR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 355.18 ($4.77) and traded as high as GBX 406.40 ($5.46). Schroders shares last traded at GBX 403 ($5.42), with a volume of 1,861,360 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SDR shares. Royal Bank Of Canada raised their price objective on shares of Schroders from GBX 390 ($5.24) to GBX 435 ($5.85) and gave the company an "outperform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 373 ($5.01) price objective on shares of Schroders in a research report on Monday, July 7th. Finally, Canaccord Genuity Group reduced their price objective on shares of Schroders from GBX 496 ($6.67) to GBX 337 ($4.53) and set a "hold" rating for the company in a research report on Wednesday, April 30th.

Schroders Trading Down 0.8%

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 firm has a market cap of £6.25 billion, a PE ratio of 17.60, a P/E/G ratio of 1.28 and a beta of 1.17. The company's 50-day moving average is GBX 369.41 and its 200 day moving average is GBX 355.18.

Insider Activity at Schroders

In other news, insider Richard Oldfield purchased 68 shares of Schroders stock in a transaction that occurred on Tuesday, June 10th. The stock was acquired at an average price of GBX 371 ($4.99) per share, for a total transaction of £252.28 ($339.04). In the last three months, insiders have purchased 185 shares of company stock valued at $70,039. 43.09% of the stock is currently owned by corporate 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.