Schroders (LON:SDR) Stock Passes Above 200 Day Moving Average – What’s Next?

Schroders plc (LON:SDR)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 339.12 ($4.31) and traded as high as GBX 375 ($4.77). Schroders shares last traded at GBX 373.60 ($4.75), with a volume of 2,221,462 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SDR. JPMorgan Chase & Co. dropped their price objective on Schroders from GBX 427 ($5.43) to GBX 407 ($5.17) and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on Schroders from GBX 355 ($4.51) to GBX 330 ($4.19) and set a “sector perform” rating on the stock in a research note on Thursday, November 7th.

Schroders Stock Up 1.2 %

The company has a debt-to-equity ratio of 12.95, a current ratio of 4.90 and a quick ratio of 4.32. The business has a 50 day moving average price of GBX 345.01 and a 200 day moving average price of GBX 339.12. The firm has a market capitalization of £5.80 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

Insider Buying and Selling

In other news, insider Richard Oldfield bought 80 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of GBX 313 ($3.98) per share, with a total value of £250.40 ($318.21). 43.09% of the stock is owned by company insiders.

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.