Schroders plc (OTCMKTS:SHNWF) Receives Consensus Rating of “Hold” from Brokerages

Schroders plc (OTCMKTS:SHNWFGet Rating) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $3,628.50.

SHNWF has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Schroders from GBX 4,250 ($52.39) to GBX 3,850 ($47.46) in a research note on Thursday, March 31st. Morgan Stanley reduced their price target on shares of Schroders from GBX 3,920 ($48.32) to GBX 3,720 ($45.86) in a research report on Tuesday, March 29th. Canaccord Genuity Group reduced their price target on shares of Schroders from GBX 3,579 ($44.12) to GBX 3,544 ($43.69) in a research report on Friday, January 28th. Credit Suisse Group assumed coverage on shares of Schroders in a research report on Tuesday, January 25th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. reduced their price target on shares of Schroders from GBX 3,500 ($43.15) to GBX 3,400 ($41.91) in a research report on Tuesday, May 3rd.

SHNWF opened at $35.44 on Monday. The company’s 50-day simple moving average is $39.47 and its two-hundred day simple moving average is $44.08. Schroders has a 52-week low of $34.87 and a 52-week high of $53.05.

About Schroders (Get Rating)

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.

Recommended Stories

Analyst Recommendations for Schroders (OTCMKTS:SHNWF)

Receive News & Ratings for Schroders Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schroders and related companies with MarketBeat.com's FREE daily email newsletter.