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Fortune Brands Home & Security (NYSE:FBHS) target bumped up to $70.00, reported today by BofA Merrill

Having a price of $58.20, Fortune Brands Home & Security (NYSE:FBHS) traded 0.21% higher on the day. With the last stock price close down -0.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. FBHS has recorded a 50-day moving average of $61.70 and a two hundred day average of $58.46. Volume of trade was down over the average, with 96,136 shares of FBHS changing hands under the typical 1,802,420

In a statement issued on 9/23/2016 BofA Merrill raised the target price of Fortune Brands Home & Security (NYSE:FBHS) to $70.00 indicating a possible upside of 0.20%.

On Thursday September 01, 2016, Citigroup Inc. released a statement on Fortune Brands Home & Security (NYSE:FBHS) bumped up the target price from $0.00 to $65.00. At the time, this indicated a possible upside of 0.03%.

Recent Performance Chart

Fortune Brands Home & Security (NYSE:FBHS)

Fortune Brands Home & Security has a P/E ratio of 24.50 with a 52 week low of $44.19 and a 52 week high of $64.47 FBHS’s total market value is presently $0.

A total of 8 firms have reported on the company. 2 brokers rating the stock a strong buy, three analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the stock a underperform, and finally 0 brokerages rating the company a sell with a 12-month price target of $61.63.

Brief Synopsis On Fortune Brands Home & Security (NYSE:FBHS)

Fortune Brands Home & Security, Inc. is a holding company. The Company is a home and security products company with a portfolio of branded products used for residential home repair, remodeling, new construction and security applications. The Company operates through four segments: Cabinets, Plumbing, Doors and Security. The Cabinets segment offers stock cabinetry, as well as vanities. The Plumbing segment offers faucets, accessories and kitchen sinks in North America and China. The Company operates Global Plumbing Group (GPG) platform in its plumbing segment, which provides infrastructure to support a multi-brand, channel and geography plumbing business. It offers Moen and Riobel brands under the GPG platform. The Doors segment provides fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segment provides a range of security and safety products under Master Lock and SentrySafe brands.

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