A statement released earlier today by Deutsche Bank about Invesco (NYSE:IVZ) lowers the target price to $32.00
- Updated: October 14, 2016
Invesco (NYSE:IVZ) had its price target bumped down to $32.00 by Deutsche Bank in an issued report issued 10/14/2016. The dropped price target implies a potential upside of 0.06% from the company's last stock close price.
Just yesterday Invesco (NYSE:IVZ) traded -1.02% lower at $30.31. The company’s 50-day moving average is $30.96 and its 200-day moving average is $29.67. The last closing price is up 1.10% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,866,761 shares of the stock traded hands, down from an average trading volume of 3,561,210
With a total market value of $0, Invesco has 52 week low of $23.02 and a 52 week high of $35.00 with a P/E ratio of 15.15 .
Also covering Invesco's price target, a total of 13 firms have issued a report on the stock. The consensus target is $33.92 with five equity analysts rating the company a strong buy, seven brokerages rating the company a buy, four analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Invesco (NYSE:IVZ)
Invesco Ltd. (Invesco) is an independent global investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment. The Company has a presence in the retail and institutional markets within the investment management industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific, serving clients in approximately 100 countries. Its Invesco Jemstep solution provides wealth management home offices and their advisors with a suite of technology solutions that are customizable and are integrated into existing systems. Approximately 47.8% of its assets under management (AUM) are invested in equity securities and over 52.2% are invested in fixed income and other investments.
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