Schroders (OTCMKTS:SHNWF) Reaches New 52-Week High – Should You Buy?

Schroders (OTCMKTS:SHNWF) shares hit a new 52-week high on Thursday . The company traded as high as $6.00 and last traded at $6.00, with a volume of 3478 shares trading hands. The stock had previously closed at $5.52.

Wall Street Analyst Weigh In

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

Schroders Stock Performance

The stock has a 50 day simple moving average of $5.35 and a 200 day simple moving average of $5.26.

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.