Schroders (OTCMKTS:SHNWF) Shares Gap Up – Should You Buy?

Schroders (OTCMKTS:SHNWF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.75, but opened at $7.9040. Schroders shares last traded at $7.9079, with a volume of 6,360 shares changing hands.

Analysts Set New Price Targets

SHNWF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Schroders in a research report on Tuesday, January 6th. Morgan Stanley reiterated an “underweight” rating on shares of Schroders in a research note on Monday, November 24th. UBS Group downgraded Schroders from a “buy” rating to a “neutral” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada cut Schroders from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Schroders Stock Down 0.9%

The stock’s fifty day moving average price is $6.18 and its 200-day moving average price is $5.56.

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.