Schroders PLC
SDR: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 918.00 | Vthfqt | Tbvgypyt |
Schroders: Strong Result as Expected
Narrow-moat Schroders reported aftertax profits of GBP 305 million for the first half of 2021, 37% higher than the GBP 223 million it reported a year earlier for the same period. Reported revenue was slightly higher than what the company-compiled sell-side consensus expected, while cost growth came in marginally lower than expected. We are likely to increase our fair value estimate of GBX 4,100 per share on the back of these results and maintain our narrow economic moat rating.