Schroders (LON:SDR) Hits New 52-Week Low – Time to Sell?

Schroders plc (LON:SDR)’s share price reached a new 52-week low on Thursday . The company traded as low as GBX 298.60 ($3.76) and last traded at GBX 299.80 ($3.78), with a volume of 10157479 shares traded. The stock had previously closed at GBX 299 ($3.77).

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SDR shares. JPMorgan Chase & Co. reduced their price objective on Schroders from GBX 427 ($5.38) to GBX 407 ($5.13) and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price objective on Schroders from GBX 355 ($4.47) to GBX 330 ($4.16) and set a “sector perform” rating for the company in a research note on Thursday, November 7th.

Schroders Price Performance

The firm has a market capitalization of £5.04 billion, a price-to-earnings ratio of 1,303.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The stock’s fifty day moving average price is GBX 343.42 and its two-hundred day moving average price is GBX 360.16. The company has a current ratio of 4.89, a quick ratio of 4.32 and a debt-to-equity ratio of 12.71.

Insider Activity at Schroders

In related news, insider Peter Harrison bought 72 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average cost of GBX 354 ($4.46) per share, with a total value of £254.88 ($321.21). 43.09% of the stock is currently owned by corporate 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.