Franklin Resources, Inc. (NYSE:BEN) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Franklin Resources, Inc. (NYSE:BEN) to Sell in a report released on 10/4/2016.
On 9/20/2016, Citigroup released a statement about Franklin Resources, Inc. (NYSE:BEN) dropped the target price from $40.00 to $39.00 that indicated a possible upside of 0.11%.
Only yesterday Franklin Resources, Inc. (NYSE:BEN) traded -1.41% lower at $35.72. The company’s 50-day moving average is $35.86 and its 200-day moving average is $36.05. The last stock price is down -0.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was up over the average, with 2,729,968 shares of BEN changing hands over the typical 2,714,030
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With a total market value of $0, Franklin Resources, Inc. has P/E ratio of 13.23 with a 52 week low of $30.56 and a one year high of $42.23 .
A total of 14 brokers have issued a research note on the stock. zero analysts rating the company a strong buy, zero equity analysts rating the stock a buy, 0 brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year 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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