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Hewlett Packard Enterprise (NYSE:HPE) target bumped up to $24.00, reported today by CLSA

Hewlett Packard Enterprise (NYSE:HPE) had its target price raised to $24.00 by CLSA in a report released Friday October 14, 2016. The new target price indicates a possible upside of 0.10% based on the company's last stock close price.

Yesterday Hewlett Packard Enterprise (NYSE:HPE) traded -1.09% lower at $21.76. The company’s 50-day moving average is $22.21 and its 200-day moving average is $19.50. The last stock close price is up 11.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 13,811,090 shares of the stock were exchanged, up from an average trading volume of 10,004,600

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Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise has a 52 week low of $11.62 and a 52 week high of $23.53 with a P/E ratio of 9.08 The company’s market cap is currently $0.

In addition to CLSA reporting its target price, a total of 23 firms have reported on the stock. The consensus target price is $20.11 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Hewlett Packard Enterprise (NYSE:HPE)

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company operates through five segments: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT). The Software segment allows its customers to automate IT operations to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services segment brings all of its solutions together through its consulting and support professionals. The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others.

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