Schroders (OTCMKTS:SHNWF) Trading 12.6% Higher - Here's What Happened

Schroders plc (OTCMKTS:SHNWF - Get Free Report) traded up 12.6% during mid-day trading on Monday . The stock traded as high as $4.90 and last traded at $4.90. 1,100 shares traded hands during trading, an increase of 38% from the average session volume of 800 shares. The stock had previously closed at $4.35.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Schroders in a research report on Friday, March 7th. Royal Bank of Canada raised shares of Schroders from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, February 5th. Finally, Barclays reaffirmed an "overweight" rating on shares of Schroders in a research report on Friday, March 7th.

Schroders Stock Performance

The business's 50 day simple moving average is $4.29 and its 200-day simple 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.