Schroders plc (LON:SDR – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 511.72 and traded as high as GBX 584. Schroders shares last traded at GBX 583, with a volume of 78,549,984 shares traded.
Analyst Ratings Changes
Separately, Citigroup downgraded shares of Schroders to a “neutral” rating and raised their target price for the company from GBX 460 to GBX 590 in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 453.33.
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Schroders Trading Up 0.1%
Insider Activity at Schroders
In other news, insider Richard Oldfield acquired 44 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of GBX 581 per share, with a total value of £255.64. Over the last ninety days, insiders have bought 173 shares of company stock valued at $100,323. Company insiders own 1.72% 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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.
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