Schroders (Non-Voting) (SDRC)

Sector:

Financials

2,450.00p
   
  • Change Today:
      35.00p
  • 52 Week High: 2,590.00
  • 52 Week Low: 1,962.00
  • Currency: UK Pounds
  • Shares Issued: 56.51m
  • Volume: 3,494
  • Market Cap: £1,384.39m
  • RiskGrade: 120
  • Beta: 1.01

RBS upgrades Schroders on diversification appeal and non-voting discount

By Oliver Haill

Date: Thursday 21 Jan 2016

LONDON (ShareCast) - (ShareCast News) - Schroders current share price offers an attractive entry point for investors, having dropped said RBC Capital Markets as it upgraded the asset manager to 'outperform'.
Setting a price target of 3,100p that offers more than 25% upside, RBC said Schroders had the strongest balance sheet in the sector and ability to offer diversification that was cherished in these uncertain markets.

Shcroders has good diversification across channels, with 57% institutional exposure and the rest in intermediary and wealth management; across region, with 41% UK, 21% Europe and Middle East, 25% AsiaPacific and 13% Americas; and across products, with 41% equities, 19% fixed income, 5% alternatives, 25% multiasset and 10% wealth management.

"Schroders trades at a rare discount to the asset managers peer group on an EV/EBITDA basis
and at a slight premium on a cash-adjusted P/E basis," the bank said.

Given the asset manager's diversification and financial strength, and with the shares having fallen from above £30 at the end of December to £25 earlier this week, analysts believe the company deserves a premium valuation to the sector.

"We see Schroders' current valuation as an attractive entry point in the historical context to gain exposure to the stock."

Also, the non-voting shares (ticker: SDRC) are also attractive, on a wider-than-average 24% discount to the voters that could outweigh any liquidity concerns, versus an average discount of 21% over the last five years.

"We believe the current discount is too wide and that investors in the SDRC line could benefit from the discount tightening."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Schroders Market Data

Currency UK Pounds
Share Price 2,450.00p
Change Today 35.00p
% Change 1.45 %
52 Week High 2,590.00
52 Week Low 1,962.00
Volume 3,494
Shares Issued 56.51m
Market Cap £1,384.39m
Beta 1.01
RiskGrade 120

Schroders Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.07% above the market average67.07% above the market average67.07% above the market average67.07% above the market average67.07% above the market average
51.47% above the sector average51.47% above the sector average51.47% above the sector average51.47% above the sector average51.47% above the sector average
Price Trend
34.47% above the market average34.47% above the market average34.47% above the market average34.47% above the market average34.47% above the market average
42.47% above the sector average42.47% above the sector average42.47% above the sector average42.47% above the sector average42.47% above the sector average
Income
35.19% above the market average35.19% above the market average35.19% above the market average35.19% above the market average35.19% above the market average
16.05% above the sector average16.05% above the sector average16.05% above the sector average16.05% above the sector average16.05% above the sector average
Growth
35.15% above the market average35.15% above the market average35.15% above the market average35.15% above the market average35.15% above the market average
0.83% above the sector average0.83% above the sector average0.83% above the sector average0.83% above the sector average0.83% above the sector average

Schroders Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Aug-19 28-Mar-19
Paid 26-Sep-19 09-May-19
Amount 35.00p 79.00p

Trades for 15-Nov-2019

Time Volume / Share Price
16:35 1,112 @ 2,450.00p
16:29 7 @ 2,440.00p
16:29 54 @ 2,445.00p
16:29 40 @ 2,445.00p
16:29 15 @ 2,445.00p

Schroders Key Personnel

CFO Richard Keers

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