Schroders (OTCMKTS:SHNWF) Sets New 12-Month High – Time to Buy?

Schroders (OTCMKTS:SHNWF)’s share price reached 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 trading hands. The stock had previously closed at $5.00.

Analyst Ratings Changes

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

Schroders Stock Performance

The stock has a 50 day moving average of $5.17 and a 200-day moving average of $5.20.

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.