Royal Bank of Canada Forecasts Strong Price Appreciation for Schroders (LON:SDR) Stock

Schroders (LON:SDR) had its target price increased by investment analysts at Royal Bank of Canada from GBX 395 ($5.10) to GBX 475 ($6.13) in a research report issued on Thursday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 26.60% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Schroders from GBX 375 ($4.84) to GBX 400 ($5.16) and gave the company a “hold” rating in a research report on Friday, March 7th.

Schroders Stock Performance

Shares of SDR stock opened at GBX 375.20 ($4.84) on Thursday. The firm has a market cap of £5.82 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90. Schroders has a 52 week low of GBX 298.60 ($3.86) and a 52 week high of GBX 428.80 ($5.54). The firm’s 50-day simple moving average is GBX 364.77 and its two-hundred day simple moving average is GBX 343.58.

Schroders (LON:SDR) last posted its quarterly earnings results on Friday, March 7th. The company reported GBX 26.40 ($0.34) earnings per share (EPS) for the quarter. Schroders had a net margin of 12.81% and a return on equity of 8.65%. As a group, equities analysts forecast that Schroders will post 33.7347131 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard Oldfield purchased 80 shares of the business’s stock in a transaction on Friday, January 10th. The stock was acquired at an average price of GBX 313 ($4.04) per share, with a total value of £250.40 ($323.31). Corporate 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.