Schroders (LON:SDR) Share Price Passes 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 ($4.92) and traded as high as GBX 397 ($5.36). Schroders shares last traded at GBX 396.60 ($5.36), with a volume of 1,398,332 shares changing hands.

Analyst Upgrades and Downgrades

SDR has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 435 target price on shares of Schroders in a research note on Wednesday, August 6th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 373 target price on shares of Schroders in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Schroders from GBX 390 to GBX 400 and gave the company a "hold" rating in a research note on Friday, August 1st. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 390 price target on shares of Schroders in a research note on Friday, August 8th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Schroders in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of GBX 387.

Schroders Stock Performance

The company has a market cap of £5.89 billion, a P/E ratio of 1,704.04, a P/E/G ratio of 1.28 and a beta of 1.17. The firm has a 50 day moving average price of GBX 386.67 and a 200-day moving average price of GBX 364.35. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90.

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

Insider Activity

In related news, insider Richard Oldfield purchased 68 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of GBX 371 per share, for a total transaction of £252.28. In the last ninety days, insiders bought 297 shares of company stock worth $114,391. Corporate insiders own 86.23% of the company's stock.

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.