BB&T Corp (NYSE:BBT) price target upped to $42.00, issued a ratings update earlier today by CLSA
- Updated: September 23, 2016
Just yesterday BB&T Corp (NYSE:BBT) traded 0.58% higher at $38.34. BBT’s 50-day moving average is $37.89 and its 200-day moving average is $35.76. With the last stock price close up 7.26% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,311,803 shares of BBT traded hands, down from an average trading volume of 4,074,560
CLSA bumped up the target of BB&T Corp (NYSE:BBT) to $42.00 stating a potential upside of 0.10%.
With a total market value of $0, BB&T Corp has PE ratio of 14.81 with a one year low of $29.95 and a one year high of $39.47 .
In addition to CLSA reporting its stock price target, a total of 27 brokers have issued a research note on the company. The average stock price target is $38.29 with 8 firms rating the stock a strong buy, 10 firms rating the stock a buy, 13 firms rating the stock a hold, two brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
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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