Schroders (LON:SDR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Schroders plc (LON:SDR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 339.98 ($4.30) and traded as high as GBX 386.20 ($4.88). Schroders shares last traded at GBX 384 ($4.85), with a volume of 4,982,062 shares changing hands.

Wall Street Analysts Forecast Growth

SDR has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Schroders from GBX 427 ($5.39) to GBX 407 ($5.14) and set an “overweight” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada dropped their target price on shares of Schroders from GBX 355 ($4.49) to GBX 330 ($4.17) and set a “sector perform” rating on the stock in a report on Thursday, November 7th.

Schroders Stock Performance

The company has a market capitalization of £5.96 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The business’s fifty day moving average is GBX 337.45 and its two-hundred day moving average is GBX 339.61. The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95.

Insider Buying and Selling at Schroders

In related news, insider Richard Oldfield acquired 80 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of GBX 313 ($3.95) per share, with a total value of £250.40 ($316.36). Company 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.