Schroders (OTCMKTS:SHNWF) Sets New 12-Month High – Should You Buy?

Schroders (OTCMKTS:SHNWF) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $6.00 and last traded at $6.00, with a volume of 588 shares. The stock had previously closed at $5.52.

Wall Street Analysts Forecast Growth

SHNWF has been the topic of a number of recent analyst reports. Citigroup raised Schroders from a “neutral” rating to a “buy” rating in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Schroders in a research note on Tuesday, January 6th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Schroders in a report on Monday, November 24th. Three research 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.com, the company currently has an average rating of “Hold”.

Schroders Trading Up 8.7%

The business has a 50 day simple moving average of $5.53 and a two-hundred day simple moving average of $5.33.

About Schroders

Schroders plc is a global asset management company headquartered in London, United Kingdom, with a history dating back to its founding in 1804 as J. Henry Schröder & Co Over more than two centuries, the firm has grown organically and through selective acquisitions to establish itself as one of the world’s leading investment managers. Schroders is publicly traded on the London Stock Exchange and operates under the ticker SHNWF in the OTC Markets for investors seeking exposure to its equity.

The company offers a comprehensive suite of investment products and services, including active and passive equity strategies, fixed income, multi-asset solutions, alternatives such as real estate and private assets, as well as wealth planning and advisory services.