Schroders (LON:SDR) Reaches New 1-Year Low – Here’s Why

Schroders plc (LON:SDR) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 298.60 ($3.84) and last traded at GBX 299.80 ($3.86), with a volume of 10157479 shares. The stock had previously closed at GBX 299 ($3.85).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SDR shares. Royal Bank of Canada dropped their target price on Schroders from GBX 355 ($4.57) to GBX 330 ($4.25) and set a “sector perform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on shares of Schroders from GBX 427 ($5.49) to GBX 407 ($5.24) and set an “overweight” rating on the stock in a research note on Thursday, November 7th.

Schroders Price Performance

The company has a market capitalization of £4.84 billion, a PE ratio of 1,255.83, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a debt-to-equity ratio of 12.71, a quick ratio of 4.32 and a current ratio of 4.89. The stock has a 50 day moving average price of GBX 344.98 and a two-hundred day moving average price of GBX 361.02.

Insider Activity at Schroders

In other Schroders news, insider Peter Harrison bought 72 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was bought at an average cost of GBX 354 ($4.56) per share, with a total value of £254.88 ($327.99). 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.