Richard Oldfield Purchases 43 Shares of Schroders (LON:SDR) Stock

Schroders plc (LON:SDR) insider Richard Oldfield purchased 43 shares of the stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of GBX 584 per share, for a total transaction of £251.12.

Richard Oldfield also recently made the following trade(s):

• On Monday, May 11th, Richard Oldfield purchased 44 shares of Schroders stock. The shares were acquired at an average price of GBX 581 per share, for a total transaction of £255.64.
• On Friday, April 10th, Richard Oldfield purchased 43 shares of Schroders stock. The shares were acquired at an average price of GBX 579 per share, for a total transaction of £248.97.

Schroders Stock Performance

LON:SDR opened at GBX 583 on Thursday. The company has a debt-to-equity ratio of 20.74, a current ratio of 92.37 and a quick ratio of 4.32. Schroders plc has a fifty-two week low of GBX 350.20 and a fifty-two week high of GBX 599.50. The stock’s 50-day moving average is GBX 580.50 and its two-hundred day moving average is GBX 513.12. The stock has a market cap of £9.09 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08.

Analysts Set New Price Targets

Separately, Citigroup cut Schroders to a “neutral” rating and lifted their target price for the company from GBX 460 to GBX 590 in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Schroders presently has an average rating of “Moderate Buy” and a consensus target price of GBX 453.33.

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.