Schroders (LON:SDR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Schroders plc (LON:SDR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 339.87 ($4.25) and traded as high as GBX 362.80 ($4.54). Schroders shares last traded at GBX 362.80 ($4.54), with a volume of 2,921,939 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SDR shares. JPMorgan Chase & Co. lowered their target price on Schroders from GBX 427 ($5.34) to GBX 407 ($5.09) and set an “overweight” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on Schroders from GBX 355 ($4.44) to GBX 330 ($4.13) and set a “sector perform” rating for the company in a report on Thursday, November 7th.

Schroders Price Performance

The stock has a market cap of £5.90 billion, a PE ratio of 1,527.50, a P/E/G 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 of GBX 321.31 and a 200 day moving average of GBX 339.87.

Insider Activity at Schroders

In other news, insider Richard Oldfield bought 80 shares of Schroders stock in a transaction on Friday, January 10th. The shares were bought at an average price of GBX 313 ($3.91) per share, with a total value of £250.40 ($313.04). 43.09% of the stock is currently 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.