Schroders plc (LON:SDR) shares traded down 0% on Monday following insider selling activity. The stock traded as low as GBX 3,425 ($45.66) and last traded at GBX 3,430 ($45.73). 293,214 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 305,634 shares. The stock had previously closed at GBX 3,430 ($45.73).
Specifically, insider Michael W. R. Dobson sold 213,389 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of GBX 3,458 ($46.10), for a total value of £7,378,991.62 ($9,837,343.85). Also, insider Michael W. R. Dobson sold 22,485 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of GBX 3,499 ($46.65), for a total transaction of £786,750.15 ($1,048,860.35). Insiders have sold 297,374 shares of company stock valued at $1,032,355,465 in the last quarter.
Several equities research analysts have recently weighed in on the stock. Numis Securities increased their target price on shares of Schroders from GBX 3,560 ($47.46) to GBX 3,725 ($49.66) and gave the company a “hold” rating in a research note on Thursday, October 19th. J P Morgan Chase & Co downgraded shares of Schroders to a “neutral” rating and reduced their price target for the stock from GBX 3,750 ($49.99) to GBX 3,550 ($47.33) in a research note on Thursday, September 21st. Berenberg Bank raised their price target on shares of Schroders from GBX 3,580 ($47.73) to GBX 3,640 ($48.53) and gave the stock a “buy” rating in a research note on Thursday, October 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 3,800 ($50.66) price target on shares of Schroders in a research note on Tuesday, November 21st. Finally, Macquarie raised shares of Schroders to a “neutral” rating and set a GBX 3,031 ($40.41) price target on the stock in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Schroders currently has an average rating of “Hold” and an average price target of GBX 3,375.87 ($45.01).
WARNING: “Schroders (SDR) Stock Price Down 0% Following Insider Selling” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/29/schroders-sdr-stock-price-down-0-following-insider-selling.html.
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.
Receive News & Ratings for Schroders plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schroders plc and related companies with MarketBeat.com's FREE daily email newsletter.