Zacks Investment Research downgraded shares of Schroders Plc (OTCMKTS:SHNWF) from a buy rating to a hold rating in a research report released on Wednesday.

According to Zacks, “Schroders plc is an asset management company. It manages on behalf of institutional, retail investors, financial institutions and high net worth clients. The company operates primarily in Europe, Asia, the Americas, the Middle East and Africa. Schroders plc is headquartered in London, United Kingdom. “

Other equities research analysts have also issued reports about the stock. Berenberg Bank began coverage on shares of Schroders Plc in a report on Thursday, June 15th. They issued a buy rating for the company. Citigroup Inc. reissued a neutral rating on shares of Schroders Plc in a report on Monday, July 31st. Finally, Macquarie raised shares of Schroders Plc from an underperform rating to a neutral rating in a report on Tuesday, August 29th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $47.00.

Schroders Plc (SHNWF) opened at 44.17 on Wednesday. The stock has a 50 day moving average of $44.62 and a 200-day moving average of $41.28. The company has a market capitalization of $12.16 billion and a price-to-earnings ratio of 17.90. Schroders Plc has a 52-week low of $33.12 and a 52-week high of $46.09.

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Schroders Plc Company Profile

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.

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