Schroders (OTCMKTS:SHNWF) Shares Pass Above 50 Day Moving Average - Here's What Happened

Schroders plc (OTCMKTS:SHNWF - Get 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 trading hands.

Wall Street Analysts Forecast Growth

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

Schroders Price Performance

The stock's 50 day moving average is $4.45 and its 200 day moving average is $4.35.

Schroders Company Profile

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.