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Numis disclosed Schroders Plc (LON:SDRC), hiking its price target to 2,948.00GBX today

Yesterday Schroders Plc (LON:SDRC) traded -1.45% lower at 2,084.00GBX. The company’s 50-day moving average is 2,051.81GBX and its 200-day moving average is 1,979.74GBX. The last closing price is up 3.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 17,821 shares of the stock were exchanged, down from an average trading volume of 30,540

Schroders Plc (LON:SDRC) had its target price raised to 2,948.00GBX by Numis in a report released 10/05/2016. The new target price indicates a possible upside of 0.41% based on the company's last closing price.

Previously on 7/29/2016, Numis reported on Schroders Plc (LON:SDRC) raised the target price from 0.00GBX to 2,835.00GBX. At the time, this indicated a possible upside of 0.43%.

See Chart Below

Schroders Plc (LON:SDRC)

Schroders Plc has a 52 week low of 1,492.00GBX and a 52 week high of 2,364.00GBX with a PE ratio of 12.44 Schroders Plc’s market capitalization is currently 0 GBX.

Also covering Schroders Plc's price target, a total of 1 broker has issued a report on SDRC. The one year target is 2,115.00GBX with 0 analysts rating the company a strong buy, zero brokers rating the stock a buy, 1 brokerage rating the company a hold, zero firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Schroders Plc (LON:SDRC)

Schroders plc is a United Kingdom-based asset management company. The Company has three segments: Asset Management, Wealth Management and the Group segment. The Company's Asset Management segment consists of investment management, which includes advisory services, equity products, fixed income securities, multi-asset investments, real estate and alternative asset classes, such as commodities and private equity. The Company's Asset Management segment has two divisions: Investment and Distribution. The Company's Wealth Management segment consists of investment management, wealth planning and banking services provided to individuals and charities. The Group segment consists of the Company's investment capital and treasury management activities and the management costs associated with governance and corporate management. The Company offers a range of products and solutions to institutional and retail investors.

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