Schroders (LON:SDR) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Schroders plc (LON:SDRGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 566.57 and traded as high as GBX 588. Schroders shares last traded at GBX 583, with a volume of 9,449,433 shares traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on SDR

Schroders Stock Performance

The company has a market capitalization of £9.09 billion, a PE ratio of 13.40, a P/E/G ratio of 1.28 and a beta of 1.08. The business has a fifty day moving average price of GBX 585.99 and a 200 day moving average price of GBX 566.57.

Schroders (LON:SDRGet Free Report) last issued its earnings results on Thursday, July 30th. The company reported GBX 22.30 earnings per share (EPS) for the quarter. Schroders had a return on equity of 15.55% and a net margin of 19.94%. Research analysts forecast that Schroders plc will post 33.7347131 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Schroders news, insider Richard Oldfield acquired 44 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of GBX 581 per share, for a total transaction of £255.64. Insiders have purchased 173 shares of company stock worth $100,798 over the last 90 days. Insiders own 1.72% of the company’s stock.

About Schroders

(Get Free Report)

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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