Schroders (LON:SDR – Get Free Report) had its price target cut by analysts at Royal Bank of Canada from GBX 380 ($4.77) to GBX 375 ($4.71) in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 7.57% from the company’s previous close.
Separately, JPMorgan Chase & Co. reduced their price target on shares of Schroders from GBX 490 ($6.16) to GBX 489 ($6.14) and set an “overweight” rating for the company in a research report on Tuesday, March 5th.
Check Out Our Latest Stock Analysis on Schroders
Schroders Stock Performance
Insiders Place Their Bets
In other news, insider Richard Oldfield acquired 63 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of GBX 403 ($5.06) per share, with a total value of £253.89 ($318.92). Insiders own 43.10% 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.
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