JPMorgan Chase & Co. Has Lowered Expectations for Schroders (LON:SDR) Stock Price

Schroders (LON:SDR) had its target price reduced by JPMorgan Chase & Co. from GBX 427 ($5.56) to GBX 407 ($5.30) in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

Separately, Royal Bank of Canada reduced their target price on shares of Schroders from GBX 355 ($4.62) to GBX 330 ($4.30) and set a “sector perform” rating on the stock in a research note on Thursday.

Schroders Price Performance

Shares of SDR stock traded down GBX 5.40 ($0.07) on Thursday, reaching GBX 302 ($3.93). The company’s stock had a trading volume of 3,145,939 shares, compared to its average volume of 2,809,028. The company has a market capitalization of £4.86 billion, a price-to-earnings ratio of 1,280.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The stock’s fifty day simple moving average is GBX 347.61 and its 200-day simple moving average is GBX 362.40. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71. Schroders has a 1 year low of GBX 298.80 ($3.89) and a 1 year high of GBX 447.60 ($5.83).

Insider Buying and Selling at Schroders

In other Schroders news, insider Peter Harrison purchased 72 shares of the stock in a transaction on Thursday, October 10th. The shares were bought at an average cost of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). In other Schroders news, insider Richard Oldfield acquired 75 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of GBX 337 ($4.39) per share, with a total value of £252.75 ($329.02). Also, insider Peter Harrison purchased 72 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was bought at an average price of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). Insiders have purchased 219 shares of company stock worth $75,099 over the last quarter. Insiders own 43.09% of the company’s stock.

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.