Schroders (LON:SDR) Price Target Raised to GBX 475

Schroders (LON:SDR) had its price target increased by Royal Bank of Canada from GBX 395 ($5.10) to GBX 475 ($6.13) in a research note released on Thursday morning, Marketbeat reports. The firm currently has an outperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Schroders from GBX 375 ($4.84) to GBX 400 ($5.16) and gave the company a “hold” rating in a research note on Friday, March 7th.

Schroders Stock Performance

Shares of Schroders stock opened at GBX 375.20 ($4.84) on Thursday. The company has a debt-to-equity ratio of 12.95, a quick ratio of 4.32 and a current ratio of 4.90. The company has a market cap of £5.82 billion, a PE ratio of 16.39, a P/E/G ratio of 1.28 and a beta of 1.17. Schroders has a one year low of GBX 298.60 ($3.86) and a one year high of GBX 428.80 ($5.54). The business has a 50-day simple moving average of GBX 364.77 and a 200-day simple moving average of GBX 343.58.

Schroders (LON:SDR) last posted its earnings results 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, equities research analysts forecast that Schroders will post 33.7347131 EPS for the current fiscal year.

Schroders Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 24th. Shareholders of record on Thursday, March 20th will be paid a GBX 35.55 ($0.46) dividend. This represents a yield of 4.5%. This is a positive change from Schroders’s previous dividend of $10.00. The ex-dividend date of this dividend is Thursday, March 20th. Schroders’s dividend payout ratio (DPR) is presently 96.08%.

Insiders Place Their Bets

In other news, insider Richard Oldfield acquired 80 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of GBX 313 ($4.04) per share, for a total transaction of £250.40 ($323.31). 43.09% of the stock is owned by corporate 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.