A statement released earlier today by Credit Suisse about LPL Financial Holdings (NASDAQ:LPLA) raises the target price to $28.00
- Updated: September 17, 2016
Credit Suisse bumped the price target of LPL Financial Holdings (NASDAQ:LPLA) to $28, reporting a possible downside of -0.01%.
Previously on Thursday June 2 2016, Suntrust Robinson released a statement on LPL Financial Holdings(NASDAQ:LPLA) upped the target price from $27.00 to $30.00. At the time, this suggested an upside of 0.07%.
Just yesterday LPL Financial Holdings (NASDAQ:LPLA) traded 0.30% lower at $28.34. LPLA’s 50-day average is $27.81 and its 200-day moving average is $25.20. The last close is up 18.31% relative to the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. Trade volume was was down over the average, with 557,308 shares of LPLA changing hands under the typical 706,238 shares..
Recent Performance Graph:
LPL Financial Holdings has a 52 week low of $15.38 and a 52 week high of $48.00 with a PE ratio of 17 and has a market cap of $0.0.
A total of 8 analysts have reported on the stock. Zero rate the stock a strong buy, two analysts rate the stock a buy, seven analyts rate the stock a hold, two firms rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with a 12-month target stock price of $27.19
Brief Synopsis About LPL Financial Holdings (NASDAQ:LPLA)
LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country. Through its advisors, the Company is a distributor of financial products and services in the United States. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. The Company’s platform provides access to approximately 790 product providers that offer the various product lines, such as insurance-based products, alternative investments, structured products, mutual funds, separately managed accounts, exchange traded products, unit investment trusts, and retirement plan products and annuities.
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