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

Key Points

• Schroders plc's stock price has recently crossed above its 200-day moving average of GBX 364.20, reaching a high of GBX 397 ($5.34).
• Currently, the stock holds an average rating of "Hold" among analysts, with target prices ranging notably from GBX 337 to GBX 435.
• The company reported an EPS of GBX 9.10 for the last quarter, with projected earnings for the current year expected to be around 33.73 EPS.

Schroders plc (LON:SDR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 364.20 ($4.90) and traded as high as GBX 397 ($5.34). Schroders shares last traded at GBX 396.60 ($5.34), with a volume of 1,398,332 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 435 price objective on shares of Schroders in a research note on Wednesday, August 6th. Citigroup reissued a "neutral" rating on shares of Schroders in a report on Monday, August 4th. Canaccord Genuity Group cut their price target on shares of Schroders from GBX 496 to GBX 337 and set a "hold" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 373 price target on shares of Schroders in a research note on Monday, July 7th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 390 price target on shares of Schroders in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of GBX 387.

Schroders Stock Down 1.6%

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 capitalization of £6.05 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company's fifty day simple moving average is GBX 384.87 and its 200 day simple moving average is GBX 364.20.

Schroders (LON:SDR - Get Free Report) last issued its quarterly earnings data 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%. Research analysts expect that Schroders plc will post 33.7347131 EPS for the current year.

Insider Activity

In other Schroders news, insider Richard Oldfield purchased 68 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was bought at an average cost of GBX 371 per share, for a total transaction of £252.28. In the last three months, insiders have bought 297 shares of company stock valued at $114,391. 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.

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