Analyst Views: What is your outlook for Schroders?
CHRIS TURNER | GOLDMAN SACHS
Management strike a cautious tone in their outlook statement, suggesting that the strong asset performance of recent years may moderate in 2014. Nonetheless they remain confident in the group's long-term outlook. We rate Schroders a buy on the last close £25.90.
HALEY TAM | CITI
Our initial reaction is positive. Profits before tax were seven per cent ahead of our estimates and consensus estimates, on the back of lower costs. A key question is the sustainability of a lower run rate of non-compensation costs. We have a buy rating on Schroders with a target price of £27.60.
DANIEL GARROD | BARCLAYS
Their outlook appears a little cautious but the stock has only performed in line with a flat FTSE 100 in the year to date. The increase in the dividend could be interpreted as a signal of confidence for future growth. We have an overweight positive rating on Schroders with a target price of £30.10.