A statement released today by Zacks Investment Research about State Street Corp (NYSE:STT) raises the target price to $88.00
- Updated: November 28, 2016
Having a price of $78.44, State Street Corp (NYSE:STT) traded -1.12% lower on the day. With the last close up 17.64% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. State Street Corp has recorded a 50-day average of $73.10 and a two hundred day average of $65.93. Trading volume was down over the average, with 617,812 shares of STT changing hands under the typical 2,239,340
State Street Corp (NYSE:STT) had its stock price target increased to $88.00 by Zacks Investment Research in a report issued 11/28/2016. The updated stock price target implies a possible upside of 0.12% from the company's most recent close.
With a total market value of $0, State Street Corp has P/E ratio of 15.87 with a 52 week low of $50.60 and a 52 week high of $79.27 .
In addition to Zacks Investment Research reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is $64.28 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 11 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About State Street Corp (NYSE:STT)
State Street Corporation, the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides a range of financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has approximately two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. Its Investment Management services through State Street Global Advisors (SSGA). SSGA provides a range of investment management, investment research and investment advisory services.
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