Royal Bank of Canada Raises Schroders (LON:SDR) Price Target to GBX 475

Schroders (LON:SDR) had its price objective hoisted by equities research analysts at Royal Bank of Canada from GBX 395 ($5.14) to GBX 475 ($6.18) in a report issued on Thursday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 24.87% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Schroders from GBX 375 ($4.88) to GBX 400 ($5.20) and gave the stock a “hold” rating in a research note on Friday, March 7th.

Schroders Price Performance

Shares of SDR stock remained flat at GBX 380.40 ($4.95) on Thursday. The company had a trading volume of 3,066,903 shares, compared to its average volume of 6,301,659. The firm has a market capitalization of £5.90 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.28 and a beta of 1.17. The firm has a 50-day moving average of GBX 362.11 and a 200 day moving average of GBX 343.15. The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. Schroders has a 52-week low of GBX 298.60 ($3.88) and a 52-week high of GBX 428.80 ($5.58).

Schroders (LON:SDR) last released its quarterly earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) EPS for the quarter. Schroders had a return on equity of 8.65% and a net margin of 12.81%. On average, equities analysts forecast that Schroders will post 33.7347131 EPS for the current year.

Insiders Place Their Bets

In other news, insider Richard Oldfield bought 80 shares of the business’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of GBX 313 ($4.07) per share, for a total transaction of £250.40 ($325.74). 43.09% of the stock is 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.