Schroders (LON:SDR – Get Free Report) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from GBX 427 ($5.56) to GBX 407 ($5.30) in a research note issued on Thursday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 32.40% from the stock’s previous close.
Separately, Royal Bank of Canada lowered their price target on Schroders from GBX 355 ($4.62) to GBX 330 ($4.30) and set a “sector perform” rating on the stock in a report on Thursday.
Schroders Trading Down 0.8 %
Insider Buying and Selling
In other news, insider Peter Harrison bought 72 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of GBX 354 ($4.61) per share, for a total transaction of £254.88 ($331.79). In related news, insider Richard Oldfield bought 75 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of GBX 337 ($4.39) per share, for a total transaction of £252.75 ($329.02). Also, insider Peter Harrison purchased 72 shares of Schroders stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of GBX 354 ($4.61) per share, with a total value of £254.88 ($331.79). Insiders bought 219 shares of company stock valued at $75,099 over the last 90 days. Company insiders own 43.09% of the company’s stock.
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.
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