Schroders (OTCMKTS:SHNWF) Shares Gap Up – Time to Buy?

Shares of Schroders (OTCMKTS:SHNWF) gapped up before the market opened 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHNWF. Royal Bank Of Canada cut Schroders from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Schroders in a research note on Tuesday, January 6th. UBS Group lowered shares of Schroders from a “buy” rating to a “neutral” rating in a research report on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Schroders in a report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Schroders currently has an average rating of “Hold”.

Schroders Stock Down 0.4%

The company’s 50 day moving average price is $6.28 and its 200 day moving average price is $5.60.

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.