Schroders (LON:SDR – Get Free Report) had its price objective dropped by investment analysts at Royal Bank of Canada from GBX 355 ($4.62) to GBX 330 ($4.30) in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 7.35% from the stock’s current price.
Separately, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Schroders in a research report on Tuesday, September 3rd.
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Schroders Trading Down 0.8 %
Insider Activity at Schroders
In related news, insider Peter Harrison acquired 72 shares of the firm’s stock in a transaction dated 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). In other Schroders news, insider Richard Oldfield bought 75 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of GBX 337 ($4.39) per share, with a total value of £252.75 ($329.02). Also, insider Peter Harrison acquired 72 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was bought at an average price of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). Insiders have acquired a total of 219 shares of company stock valued at $75,099 over the last ninety days. 43.09% of the stock is owned by company 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.
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