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

Schroders (OTCMKTS:SHNWF)’s stock 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 trading hands.

Analyst Ratings Changes

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

Schroders Stock Performance

The stock has a 50-day simple moving average of $6.18 and a 200-day simple moving average of $5.56.

Schroders Company Profile

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.