A report released today by Deutsche Bank about Wells Fargo (NYSE:WFC) bumps down the target price to $50.00
- Updated: September 22, 2016
Just yesterday Wells Fargo (NYSE:WFC) traded -1.57% lower at $45.83. The company’s 50-day moving average is $48.44 and its 200-day moving average is $48.63. The last stock price is down -5.76% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Trading volume was up over the average, with 64,494,886 shares of WFC changing hands over the typical 21,171,700
Wells Fargo (NYSE:WFC) had its target price lowered to $50.00 by Deutsche Bank in an issued report issued 9/22/2016. The bumped down target suggests a potential upside of 0.09% based on the company's previous stock price.
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Wells Fargo has PE ratio of 11.32 with a 52 week low of $44.50 and a 52 week high of $56.34 and has a market capitalization of $0.
In addition to Deutsche Bank reporting its target price, a total of 29 firms have released a ratings update on WFC. The one year stock price target is $55.14 with zero analysts rating the company a strong buy, zero brokerages rating the company a buy, zero analysts rating the company a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Company Details For Wells Fargo (NYSE:WFC)
Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. Its Community Banking segment offers financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Its Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses. It operates through over 8,700 locations and approximately 13,000 automated teller machines.
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