Schroders (LON:SDR) Stock Passes Above 200-Day Moving Average - Here's Why

Schroders plc (LON:SDR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 340.78 ($4.23) and traded as high as GBX 344.07 ($4.27). Schroders shares last traded at GBX 343.20 ($4.26), with a volume of 2,050,064 shares traded.

Analysts Set New Price Targets

Several analysts have commented on SDR shares. JPMorgan Chase & Co. lowered their price target on Schroders from GBX 427 ($5.29) to GBX 407 ($5.05) and set an "overweight" rating for the company in a report on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of Schroders from GBX 355 ($4.40) to GBX 330 ($4.09) and set a "sector perform" rating for the company in a report on Thursday, November 7th.

Schroders Stock Up 1.3 %

The stock has a fifty day moving average of GBX 319.63 and a two-hundred day moving average of GBX 340.66. The company has a quick ratio of 4.32, a current ratio of 4.89 and a debt-to-equity ratio of 12.71. The stock has a market cap of £5.70 billion, a price-to-earnings ratio of 1,475.00, a PEG ratio of 1.28 and a beta of 1.17.

Insider Transactions at Schroders

In other Schroders news, insider Richard Oldfield bought 80 shares of Schroders stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average price of GBX 313 ($3.88) per share, for a total transaction of £250.40 ($310.48). Company insiders own 43.09% of the company's stock.

Schroders Company Profile

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.