Schroders (LON:SDR) Sets New 52-Week High – Still a Buy?

Schroders plc (LON:SDR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 406 ($5.23) and last traded at GBX 399.80 ($5.15), with a volume of 6925031 shares traded. The stock had previously closed at GBX 380.20 ($4.90).

Analyst Ratings Changes

SDR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Schroders from GBX 427 ($5.50) to GBX 407 ($5.25) and set an “overweight” rating for the company in a report on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Schroders from GBX 355 ($4.58) to GBX 330 ($4.25) and set a “sector perform” rating for the company in a research note on Thursday, November 7th.

Schroders Price Performance

The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The firm has a market capitalization of £6.23 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.28 and a beta of 1.17. The firm’s 50 day simple moving average is GBX 347.49 and its two-hundred day simple moving average is GBX 339.55.

Insiders Place Their Bets

In other news, insider Richard Oldfield acquired 80 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were purchased at an average price of GBX 313 ($4.03) per share, for a total transaction of £250.40 ($322.76). 43.09% of the stock is currently owned by 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.