A statement released earlier today by Zacks Investment Research about PNC Financial Services Group Inc (NYSE:PNC) raises the target price to $124.00
- Updated: December 1, 2016
In a report released on Thursday December 01, 2016 Zacks Investment Research increased the stock price target of PNC Financial Services Group Inc (NYSE:PNC) to $124.00 indicating a possible upside of 0.12%.
Yesterday PNC Financial Services Group Inc (NYSE:PNC) traded 1.17% higher at $110.54. The company’s 50-day moving average is $99.30 and its 200-day moving average is $89.57. The last closing price is up 23.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 5,570,145 shares of the stock traded hands, up from an average trading volume of 3,166,710
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PNC Financial Services Group Inc has a 52 week low of $77.40 and a 52 week high of $112.07 with a P/E ratio of 15.37 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 26 brokers have issued a research note on the company. The average stock price target is $94.27 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 21 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About PNC Financial Services Group Inc (NYSE:PNC)
The PNC Financial Services Group, Inc. (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio. Retail Banking provides deposit, lending, brokerage, investment management and cash management services. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis. BlackRock provides investment and risk management services to institutional and retail clients. Non-Strategic Assets Portfolio includes residential mortgage and brokered home equity loans.
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