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A statement released earlier today by FBR & Co. about BB&T Corp (NYSE:BBT) lowers the target price to $40.00

BB&T Corp (NYSE:BBT) had its target price lowered to $40.00 by FBR & Co. in a report released 10/11/2016. The new target price indicates a possible upside of 0.02% based on the company's last stock close price.

Previously on 9/23/2016, CLSA reported about BB&T Corp (NYSE:BBT) raised the target price from $35.00 to $42.00. At the time, this indicated a possible upside of 0.10%.

Yesterday BB&T Corp (NYSE:BBT) traded 0.77% higher at $39.19. The company’s 50-day moving average is $38.06 and its 200-day moving average is $36.13. The last stock close price is up 8.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,282,239 shares of BB&T Corp exchanged hands, down from an avg. volume of 4,029,490

Recent Performance Chart

BB&T Corp (NYSE:BBT)

BB&T Corp has PE ratio of 15.13 with a 52 week low of $29.95 and a one year high of $39.47 and has a market capitalization of $0.

A total of 27 firms have released a report on BB&T Corp. 8 brokers rating the stock a strong buy, 10 brokerages rating the stock a buy, 13 firms rating the stock a hold, 2 brokers rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $38.29.

General Company Details For BB&T Corp (NYSE:BBT)

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company, and other nonbank subsidiaries. Its segments include Community Banking, which offers a range of loan and deposit products and other financial services; Residential Mortgage Banking, which retains and services mortgage loans originated by Community Banking, as well as those purchased from various correspondent originators; Dealer Financial Services, which originate loans to consumers on a prime and nonprime basis for the purchase of automobiles; Specialized Lending, which consists of business units and subsidiaries that provide finance products to consumers and businesses; Insurance Services, which provide property and casualty, employee benefits and life insurance to businesses and individuals; Financial Services, which provide asset management, corporate trust services and others, and Other, Treasury and Corporate

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