Schroders (LON:SDR) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Schroders plc (LON:SDR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 566.57 and traded as high as GBX 588. Schroders shares last traded at GBX 583, with a volume of 9,449,433 shares.

Analyst Ratings Changes

Separately, Citigroup downgraded Schroders to a “neutral” rating and upped their price objective for the company from GBX 460 to GBX 590 in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Schroders presently has an average rating of “Moderate Buy” and a consensus price target of GBX 453.33.

Schroders Trading Down 0.3%

The business has a 50 day simple moving average of GBX 585.99 and a two-hundred day simple moving average of GBX 566.57. The company has a market cap of £9.09 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08.

Schroders (LON:SDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 22.30 EPS for the quarter. Schroders had a return on equity of 15.55% and a net margin of 19.94%. On average, equities research analysts expect that Schroders plc will post 33.7347131 earnings per share for the current fiscal year.

Insider Transactions at Schroders

In other Schroders news, insider Richard Oldfield purchased 43 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of GBX 584 per share, with a total value of £251.12. Over the last quarter, insiders bought 173 shares of company stock valued at $100,798. 1.72% of the stock is currently owned by company 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. The firm launches and manages equity mutual funds and manages fixed income mutual funds for its clients. It also manages hedge for its clients. The firm invests in the public equity, fixed income, and alternative investment markets across the globe.