Schroders (OTCMKTS:SHNWF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Schroders plc (OTCMKTS:SHNWFGet Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.42 and traded as high as $4.64. Schroders shares last traded at $4.64, with a volume of 520 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHNWF. Royal Bank of Canada upgraded shares of Schroders from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Schroders in a report on Friday, March 7th. Finally, Barclays reiterated an “overweight” rating on shares of Schroders in a report on Friday, March 7th.

Read Our Latest Stock Report on SHNWF

Schroders Price Performance

The firm’s fifty day moving average price is $4.43 and its 200-day moving average price is $4.35.

About Schroders

(Get Free Report)

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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