Schroders (OTCMKTS:SHNWF) Upgraded to “Sector Perform” by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Schroders (OTCMKTS:SHNWF) from an underperform rating to a sector perform rating in a research report report published on Wednesday morning, The Fly reports.

SHNWF has been the subject of a number of other reports. Barclays reissued an equal weight rating on shares of Schroders in a research note on Friday, April 30th. JPMorgan Chase & Co. reissued a neutral rating on shares of Schroders in a research note on Friday, April 30th. Zacks Investment Research raised Schroders from a hold rating to a buy rating and set a $56.00 target price for the company in a research note on Thursday, July 15th. Societe Generale initiated coverage on Schroders in a research note on Monday, April 26th. They issued a hold rating for the company. Finally, Morgan Stanley set a $49.60 price objective on Schroders and gave the company an equal weight rating in a research note on Monday, July 12th. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Schroders presently has a consensus rating of Hold and an average target price of $52.80.

Shares of SHNWF stock opened at $48.65 on Wednesday. The stock’s 50 day simple moving average is $50.34. Schroders has a 12-month low of $35.32 and a 12-month high of $52.15.

About Schroders

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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