Schroders (LON:SDR) Price Target Lowered to GBX 407 at JPMorgan Chase & Co.

Schroders (LON:SDR) had its target price trimmed by JPMorgan Chase & Co. from GBX 427 ($5.56) to GBX 407 ($5.30) in a research note published on Thursday morning, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

Separately, Royal Bank of Canada lowered their target price on Schroders from GBX 355 ($4.62) to GBX 330 ($4.30) and set a “sector perform” rating for the company in a research note on Thursday.

Schroders Price Performance

SDR traded down GBX 5.40 ($0.07) during midday trading on Thursday, hitting GBX 302 ($3.93). The stock had a trading volume of 3,145,939 shares, compared to its average volume of 2,809,028. The company has a market cap of £4.86 billion, a P/E ratio of 1,280.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.71, a quick ratio of 4.32 and a current ratio of 4.89. Schroders has a 1 year low of GBX 298.80 ($3.89) and a 1 year high of GBX 447.60 ($5.83). The business has a fifty day moving average of GBX 347.61 and a 200 day moving average of GBX 362.40.

Insider Transactions at Schroders

In related news, insider Peter Harrison bought 72 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was acquired at an average cost of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). In other Schroders news, insider Richard Oldfield bought 75 shares of Schroders stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of GBX 337 ($4.39) per share, with a total value of £252.75 ($329.02). Also, insider Peter Harrison purchased 72 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were acquired at an average price of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). Insiders purchased 219 shares of company stock worth $75,099 over the last three months. 43.09% of the stock is currently 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.