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Prices & Quotes - UK Markets - Schroders (Non-Voting) (SDRC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 2,365.00p
Change Today:
25.00p
Market Cap:
1,336.36m
Sector:
Financial Services

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."

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

 

SDRC Market Data

Currency UK Pounds
Price 2,365.00p
Change Today 25.00p
52 Week High 2,635.00p
52 Week Low 1,478.00p
Volume 5,584
Shares Issued 56.51m
Market Cap 1,336.36m
Beta 0.03

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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SDRC Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Aug-20 26-Mar-20
Paid 24-Sep-20 07-May-20
Amount 35.00p 79.00p

Trades for 26-Jan-2021

Time Volume / Share Price
14:08 45 @ 2,365.00p
14:01 43 @ 2,365.00p
13:54 350 @ 2,362.85p
13:41 3 @ 2,360.00p
13:41 10 @ 2,360.00p

SDRC Key Personnel

CFO Richard Keers