A statement released earlier today by Zacks Investment Research about Lincoln National Corporation (NYSE:LNC) bumps the target price to $72.00
- Updated: December 1, 2016
Indicating a possible upside of 0.09%, Zacks Investment Research increased the stock price target of Lincoln National Corporation (NYSE:LNC) to $72.00
Previously on 11/28/2016, FBR & Co. reported on Lincoln National Corporation (NYSE:LNC) increased the target price from $55.00 to $63.00. At the time, this indicated a possible downside of -0.02%.
Yesterday Lincoln National Corporation (NYSE:LNC) traded 3.14% higher at $66.12. The company’s 50-day moving average is $54.03 and its 200-day moving average is $46.85. The last closing price is up 41.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 1,201,535 shares of the stock traded hands, down from an average trading volume of 1,806,530
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Lincoln National Corporation has a 52 week low of $30.39 and a 52 week high of $66.61 with a P/E ratio of 12.49 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 14 brokers have issued a report on the company. The average stock price target is $51.86 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 7 analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For Lincoln National Corporation (NYSE:LNC)
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.
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