Schroders (LON:SDR) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Schroders plc (LON:SDR - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 343.87 ($4.66) and traded as high as GBX 366.40 ($4.96). Schroders shares last traded at GBX 364.11 ($4.93), with a volume of 11,994,604 shares changing hands.

Wall Street Analysts Forecast Growth

SDR has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Schroders from GBX 395 ($5.35) to GBX 475 ($6.43) and gave the stock an "outperform" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 357 ($4.83) price objective on shares of Schroders in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft raised their target price on Schroders from GBX 375 ($5.08) to GBX 400 ($5.42) and gave the company a "hold" rating in a report on Friday, March 7th. Finally, Canaccord Genuity Group decreased their target price on shares of Schroders from GBX 496 ($6.72) to GBX 337 ($4.56) and set a "hold" rating on the stock in a research report on Wednesday, April 30th.

Schroders Price Performance

The firm has a market cap of £5.69 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. 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 company has a 50 day moving average price of GBX 344.60 and a 200 day moving average price of GBX 344.47.

Insiders Place Their Bets

In other Schroders news, insider Richard Oldfield bought 68 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was purchased at an average cost of GBX 371 ($5.02) per share, for a total transaction of £252.28 ($341.57). 43.09% of the stock is owned by company 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.