A statement released earlier today by Citigroup Inc. about Symantec Corporation (NASDAQ:SYMC) bumps the target price to $26.50
- Updated: September 17, 2016
Citigroup Inc. bumped the target stock price of Symantec Corporation (NASDAQ:SYMC) to $27, stating a possible upside of 0.12%.
Having a price of $23.74, Symantec Corporation (NASDAQ:SYMC) traded 1.37% higher on the day. The last close is up 28.41% relative to the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. The company has recorded a 50-day moving average of $22.86 and 200-day moving average of $19.63. Volume of trade was was up over the average, with 15,882,081 shares of SYMC changing hands over the typical 10,654,300 shares.
Recent Performance Graph:
Symantec Corporation has a one-year low of $16.14 and a one-year high of $25.35 with a P/E ratio of 7. SYMC’s market capitalization is currently $0.0.
In addition to Citigroup Inc. reporting it’s target price, a total of 17 brokers have issued a ratings update on SYMC. The 12-month target is $20.03 with 0 rating the stock a strong buy, four analysts rating the stock a buy, 17 analyts rating the stock a hold, two brokerages rating the stock to underperform, and finally 0 brokeragesrating the stock as sell.
Brief Synopsis About Symantec Corporation (NASDAQ:SYMC)
Symantec Corporation provides security and information management solutions. The Company operates its business on a global civilian cyber intelligence threat network and tracks various threats across the Internet from mobile devices, endpoints, and servers across the world. It is developing solutions for cloud, threat protection, information protection and cyber security services. It operates through two segments: Consumer Security and Enterprise Security. Its Consumer Security segment allows customers to be productive and protected at home and at work. Its Norton-branded services provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses. Its Enterprise Security segment protects organizations so they can securely conduct business, and its products include threat protection products, information protection products, and cyber security services and Website security offerings.
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