Schroders (LON:SDR) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Schroders plc's shares crossed above their 200-day moving average, trading at GBX 392.80 ($5.30) with a significant volume of 2,627,330 shares.
• Analysts have mixed ratings for the stock, with two Buy ratings and four Hold ratings, while the consensus price target stands at GBX 398.33.
• Insider transactions indicate positive sentiment, as 86.23% of the stock is owned by corporate insiders, with recent share purchases reported.

Schroders plc (LON:SDR - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 362.83 ($4.89) and traded as high as GBX 392.80 ($5.30). Schroders shares last traded at GBX 392.80 ($5.30), with a volume of 2,627,330 shares trading hands.

Wall Street Analysts Forecast Growth

SDR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Schroders from GBX 400 to GBX 420 and gave the stock a "hold" rating in a research note on Monday. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 373 target price on shares of Schroders in a report on Monday, July 7th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 390 price target on shares of Schroders in a report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 435 price target on shares of Schroders in a research report on Wednesday, August 6th. Finally, Citigroup upgraded shares of Schroders to a "buy" rating and boosted their price objective for the stock from GBX 420 to GBX 435 in a research note on Friday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Schroders presently has a consensus rating of "Hold" and a consensus price target of GBX 398.33.

Schroders Price Performance

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 stock has a fifty day simple moving average of GBX 383.26 and a 200-day simple moving average of GBX 362.83. The stock has a market cap of £6.07 billion, a price-to-earnings ratio of 1,755.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

Schroders (LON:SDR - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts expect that Schroders plc will post 33.7347131 EPS for the current year.

Insiders Place Their Bets

In related news, insider Richard Oldfield purchased 68 shares of Schroders stock in a transaction on Wednesday, September 10th. The stock was purchased at an average cost of GBX 372 per share, with a total value of £252.96. Over the last ninety days, insiders have acquired 379 shares of company stock valued at $144,963. 86.23% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.