Schroders (LON:SDR) Hits New 1-Year Low - Here's Why

Schroders plc (LON:SDR - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 298.60 ($3.84) and last traded at GBX 299.80 ($3.86), with a volume of 10157479 shares changing hands. The stock had previously closed at GBX 299 ($3.85).

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada decreased their price objective on Schroders from GBX 355 ($4.57) to GBX 330 ($4.25) and set a "sector perform" rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of Schroders from GBX 427 ($5.49) to GBX 407 ($5.24) and set an "overweight" rating on the stock in a research report on Thursday, November 7th.

Schroders Stock Up 4.6 %

The stock has a 50-day moving average of GBX 344.06 and a 200-day moving average of GBX 360.53. 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 firm has a market cap of £5.04 billion, a price-to-earnings ratio of 1,270.00, a P/E/G ratio of 1.28 and a beta of 1.17.

Insider Buying and Selling

In other news, insider Peter Harrison purchased 72 shares of Schroders stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of GBX 354 ($4.56) per share, for a total transaction of £254.88 ($327.99). 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.