Schroders (LON:SDR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Schroders plc (LON:SDR)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 342.36 ($4.43) and traded as high as GBX 389 ($5.03). Schroders shares last traded at GBX 386.40 ($5.00), with a volume of 2,023,236 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on Schroders from GBX 375 ($4.85) to GBX 400 ($5.17) and gave the company a “hold” rating in a report on Friday, March 7th.

Schroders Trading Up 2.0 %

The firm has a market capitalization of £6.00 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a current ratio of 4.90, a quick ratio of 4.32 and a debt-to-equity ratio of 12.95. The company has a fifty day moving average price of GBX 358.35 and a 200-day moving average price of GBX 342.36.

Schroders (LON:SDR) last announced 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 return on equity of 8.65% and a net margin of 12.81%. On average, equities research analysts predict that Schroders plc will post 33.7347131 EPS for the current year.

Insider Buying and Selling

In other Schroders news, insider Richard Oldfield purchased 80 shares of the company’s stock in a transaction on Friday, January 10th. The shares were bought at an average cost of GBX 313 ($4.05) per share, with a total value of £250.40 ($323.89). 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.