Schroders (LON:SDR) Trading Up 0.4% – Time to Buy?

Schroders plc (LON:SDR) shot up 0.4% during mid-day trading on Thursday . The company traded as high as GBX 313.40 ($4.00) and last traded at GBX 311.40 ($3.97). 4,576,318 shares traded hands during trading, an increase of 59% from the average session volume of 2,872,499 shares. The stock had previously closed at GBX 310.20 ($3.95).

Analyst Upgrades and Downgrades

SDR has been the topic of several recent research reports. Royal Bank of Canada dropped their target price on Schroders from GBX 355 ($4.53) to GBX 330 ($4.21) and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on shares of Schroders from GBX 427 ($5.44) to GBX 407 ($5.19) and set an “overweight” rating for the company in a research report on Thursday, November 7th.

Schroders Stock Up 1.2 %

The firm has a market capitalization of £5.07 billion, a price-to-earnings ratio of 1,313.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.71, a current ratio of 4.89 and a quick ratio of 4.32. The business has a fifty day moving average price of GBX 336.99 and a two-hundred day moving average price of GBX 356.06.

Insider Buying and Selling

In related news, insider Peter Harrison bought 72 shares of the stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of GBX 354 ($4.51) per share, for a total transaction of £254.88 ($324.94). 43.09% of the stock is owned by corporate insiders.

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.