Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Schroders (LON:SDR) Stock

Schroders (LON:SDR) had its target price increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 375 ($4.85) to GBX 400 ($5.17) in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 2.06% from the company’s previous close.

Several other research firms have also weighed in on SDR. Royal Bank of Canada reduced their price objective on Schroders from GBX 355 ($4.59) to GBX 330 ($4.26) and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on Schroders from GBX 427 ($5.52) to GBX 407 ($5.26) and set an “overweight” rating on the stock in a research note on Thursday, November 7th.

Schroders Stock Performance

LON:SDR opened at GBX 408.43 ($5.28) on Friday. The stock’s 50-day simple moving average is GBX 351.74 and its 200 day simple moving average is GBX 340.69. The firm has a market capitalization of £6.34 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a quick ratio of 4.32, a current ratio of 4.90 and a debt-to-equity ratio of 12.95. Schroders has a twelve month low of GBX 298.60 ($3.86) and a twelve month high of GBX 428.80 ($5.54).

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

Insider Buying and Selling at Schroders

In other news, insider Richard Oldfield bought 80 shares of the company’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.56). 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.