Schroders (LON:SDR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Schroders plc (LON:SDR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 339.98 ($4.30) and traded as high as GBX 386.20 ($4.88). Schroders shares last traded at GBX 384 ($4.85), with a volume of 4,982,062 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their target price on Schroders from GBX 355 ($4.49) to GBX 330 ($4.17) and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on Schroders from GBX 427 ($5.39) to GBX 407 ($5.14) and set an “overweight” rating on the stock in a research report on Thursday, November 7th.

Schroders Stock Performance

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 firm has a market cap of £5.96 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The stock has a fifty day moving average price of GBX 336.13 and a 200 day moving average price of GBX 339.98.

Insider Activity

In other Schroders news, insider Richard Oldfield bought 80 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 313 ($3.95) per share, for a total transaction of £250.40 ($316.36). 43.09% of the stock is currently owned by insiders.

Schroders Company Profile

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.