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

Key Points

• Schroders plc's stock price surpassed its 200-day moving average, trading at GBX 395.30 ($5.27) with significant volume of 1,786,283 shares.
• Equities analysts are optimistic, with Royal Bank of Canada and Citigroup both issuing "buy" ratings and a price target of GBX 435 for the stock.
• Insider buying is notable, with insiders acquiring a total of 374 shares worth over $144,840 in the last three months, holding 86.23% of the company's stock.

Schroders plc (LON:SDR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 363.96 ($4.85) and traded as high as GBX 397.60 ($5.30). Schroders shares last traded at GBX 395.30 ($5.27), with a volume of 1,786,283 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SDR shares. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 435 price target on shares of Schroders in a research note on Wednesday, August 6th. Citigroup upgraded shares of Schroders to a "buy" rating and boosted their price target for the stock from GBX 420 to GBX 435 in a research note on Friday, October 3rd. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 373 price target on shares of Schroders in a research note on Monday, July 7th. Jefferies Financial Group restated a "hold" rating and issued a GBX 390 price target on shares of Schroders in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Schroders from GBX 400 to GBX 420 and gave the stock a "hold" rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of GBX 398.33.

Schroders Trading Up 0.4%

The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The business's 50 day moving average is GBX 384.29 and its 200 day moving average is GBX 363.96. The stock has a market cap of £6.17 billion, a price-to-earnings ratio of 1,782.96, a P/E/G ratio of 1.28 and a beta of 1.17.

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

Insider Activity at Schroders

In other news, insider Richard Oldfield bought 68 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of GBX 372 per share, for a total transaction of £252.96. Insiders have acquired a total of 374 shares of company stock worth $144,840 in the last three months. Insiders own 86.23% of the company's stock.

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.