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

Schroders plc (LON:SDR) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 340.78 ($4.24) and traded as high as GBX 344.07 ($4.28). Schroders shares last traded at GBX 343.20 ($4.27), with a volume of 2,050,064 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Schroders from GBX 427 ($5.31) to GBX 407 ($5.06) and set an “overweight” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Schroders from GBX 355 ($4.42) to GBX 330 ($4.11) and set a “sector perform” rating on the stock in a report on Thursday, November 7th.

Schroders Price Performance

The company has a quick ratio of 4.32, a current ratio of 4.89 and a debt-to-equity ratio of 12.71. The firm has a market cap of £5.55 billion, a PE ratio of 1,437.50, a P/E/G ratio of 1.28 and a beta of 1.17. The firm’s fifty day simple moving average is GBX 316.56 and its two-hundred day simple moving average is GBX 340.78.

Insider Activity

In other Schroders news, insider Richard Oldfield purchased 80 shares of Schroders stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of GBX 313 ($3.89) per share, for a total transaction of £250.40 ($311.56). Company insiders own 43.09% of the company’s stock.

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.