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Citigroup recorded Franklin Resources Inc. (NYSE:BEN), cutting its target to $39.00 today

Just yesterday Franklin Resources Inc. (NYSE:BEN) traded 0.00% even at $35.23. Franklin Resources Inc.’s 50-day moving average is $36.00 and its 200-day moving average is $36.24. The last stock price is down -2.78% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 0 shares of BEN traded hands, down from an average trading volume of 2,947,030

Franklin Resources Inc. (NYSE:BEN) had its price target dropped to $39.00 by Citigroup in a report released 9/20/2016. The bumped down target suggests a possible upside of 0.11% based on the company's previous stock price.

Previously on 9/9/2016, Deutsche Bank released a statement about Franklin Resources Inc. (NYSE:BEN) increased the target price from $34.00 to $35.00. At the time, this indicated a possible downside of -0.04%.

Recent Performance Chart

Franklin Resources Inc. (NYSE:BEN)

Franklin Resources Inc. has price-earnings ratio of 13.03 with a one year low of $30.56 and a one year high of $42.23 and has a total market value of $0.

A total of 14 brokerages have released a report on the company. zero firms rating the stock a strong buy, zero equity analysts rating the company a buy, 0 analysts rating the company a hold, zero brokerages rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $36.57.

About Franklin Resources Inc. (NYSE:BEN)

Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Company's investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

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