J P Morgan Chase & Co Downgrades Schroders Plc (SHNWF) to Neutral
Schroders Plc (OTC:SHNWF) was downgraded by investment analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.
Several other brokerages also recently commented on SHNWF. Macquarie upgraded shares of Schroders Plc from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 29th. Berenberg Bank initiated coverage on shares of Schroders Plc in a report on Thursday, June 15th. They set a “buy” rating on the stock. Finally, Citigroup Inc. downgraded shares of Schroders Plc from a “buy” rating to a “neutral” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Schroders Plc presently has a consensus rating of “Hold”.
Schroders Plc (SHNWF) traded down 1.52% during mid-day trading on Thursday, reaching $44.68. 220 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $44.54 and its 200 day moving average price is $41.44. Schroders Plc has a one year low of $33.12 and a one year high of $46.09. The firm has a market cap of $12.30 billion and a price-to-earnings ratio of 18.10.
About Schroders Plc
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.
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