Royal Bank of Canada Issues Pessimistic Forecast for Schroders (LON:SDR) Stock Price

Schroders (LON:SDR) had its price target lowered by Royal Bank of Canada from GBX 355 ($4.62) to GBX 330 ($4.30) in a research report released on Thursday, MarketBeat.com reports. The firm currently has a sector perform rating on the stock.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Schroders in a report on Tuesday, September 3rd.

Schroders Trading Down 1.8 %

Schroders stock opened at GBX 302 ($3.93) on Thursday. The business has a 50-day simple moving average of GBX 346.67 and a two-hundred day simple moving average of GBX 361.98. The company has a quick ratio of 4.32, a current ratio of 4.89 and a debt-to-equity ratio of 12.71. The company has a market cap of £4.86 billion, a P/E ratio of 1,260.00, a P/E/G ratio of 1.28 and a beta of 1.17. Schroders has a 52-week low of GBX 298.80 ($3.89) and a 52-week high of GBX 447.60 ($5.83).

Insider Buying and Selling at Schroders

In related news, insider Peter Harrison acquired 72 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was acquired at an average price of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). Insiders own 43.09% 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.