Schroders (OTCMKTS:SHNWF) Hits New 12-Month High – What’s Next?

Schroders (OTCMKTS:SHNWF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $5.50 and last traded at $5.50, with a volume of 3000 shares traded. The stock had previously closed at $5.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHNWF shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Schroders in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Schroders in a research note on Monday, October 6th. Finally, Citigroup upgraded shares of Schroders from a “neutral” rating to a “buy” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Schroders currently has a consensus rating of “Hold”.

Schroders Price Performance

The stock has a fifty day moving average price of $5.15 and a two-hundred day moving average price of $5.19.

About Schroders

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.