Shares of Schroders plc (OTCMKTS:SHNWF – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.81 and traded as low as $5.47. Schroders shares last traded at $5.47, with a volume of 794 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on SHNWF shares. Barclays lifted their price target on shares of Schroders from GBX 490 ($5.97) to GBX 510 ($6.22) in a research report on Tuesday, January 10th. Morgan Stanley lifted their price objective on Schroders from GBX 510 ($6.22) to GBX 550 ($6.70) in a report on Friday, January 20th. Finally, Credit Suisse Group lowered Schroders from an “outperform” rating to a “neutral” rating in a report on Friday, March 10th.
Schroders Stock Performance
The stock’s 50 day moving average price is $5.81 and its two-hundred day moving average price is $8.10.
About Schroders
Schroders Plc operates as a asset management company. It operates through the following business segments: Asset Management, Wealth Management, and Group. The Asset Management segment comprises of investment management including advisory services, equity products, fixed income securities, multi-asset investments, real estate, and alternative products.
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