Shares of Schroders plc (LON:SDR) dropped 0% on Monday . The stock traded as low as GBX 3,389 ($45.61) and last traded at GBX 3,393 ($45.67). Approximately 407,749 shares traded hands during trading, an increase of 33% from the average daily volume of 306,820 shares. The stock had previously closed at GBX 3,393 ($45.67).
SDR has been the subject of several research reports. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 3,550 ($47.78) price target on shares of Schroders in a report on Friday, October 20th. Shore Capital restated a “hold” rating on shares of Schroders in a research note on Thursday, October 19th. Numis Securities restated an “add” rating and set a GBX 2,980 ($40.11) price objective on shares of Schroders in a research note on Friday, October 20th. Credit Suisse Group restated an “outperform” rating and set a GBX 3,800 ($51.14) price objective on shares of Schroders in a research note on Wednesday, September 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 3,700 ($49.80) price objective on shares of Schroders in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 3,375.87 ($45.44).
In other Schroders news, insider Michael W. R. Dobson sold 9,822 shares of Schroders stock in a transaction dated Friday, November 17th. The stock was sold at an average price of GBX 3,512 ($47.27), for a total transaction of £344,948.64 ($464,264.66). Also, insider Michael W. R. Dobson sold 213,389 shares of Schroders stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of GBX 3,458 ($46.54), for a total value of £7,378,991.62 ($9,931,348.08). In the last three months, insiders have sold 297,374 shares of company stock worth $1,032,355,465.
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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