Zacks Investment Research upgraded shares of Schroders (OTCMKTS:SHNWF) from a hold rating to a buy rating in a research note released on Thursday. They currently have $55.00 price target on the financial services provider’s stock.
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. “
A number of other equities analysts also recently weighed in on SHNWF. JPMorgan Chase & Co. downgraded shares of Schroders from an overweight rating to a neutral rating in a report on Thursday, September 21st. Numis Securities downgraded shares of Schroders from an add rating to a hold rating in a report on Sunday, September 24th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Schroders presently has a consensus rating of Hold and a consensus price target of $55.00.
Shares of Schroders (OTCMKTS SHNWF) remained flat at $$49.38 during trading hours on Thursday. The stock had a trading volume of 130 shares, compared to its average volume of 472. Schroders has a one year low of $36.35 and a one year high of $49.50.
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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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