Jefferies Group downgraded Wells Fargo & Co (NYSE:WFC) to Hold in a report released today.
- Updated: November 29, 2016
Only yesterday Wells Fargo & Co (NYSE:WFC) traded 0.54% higher at $52.04. Wells Fargo & Co’s 50-day average is $47.82 and its two hundred day average is $47.86. With the last stock price close up 8.35% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time period. 16,183,931 shares of WFC traded, down from an avg. volume of 31,970,800
Jefferies Group has downgraded Wells Fargo & Co (NYSE:WFC) to Hold in a report released on Monday November 28, 2016.
On 11/28/2016, Vetr Inc. reported on Wells Fargo & Co (NYSE:WFC) raised the target price from $0.00 to $46.56 that indicated a possible downside of -0.10%.
With a total market value of $0, Wells Fargo & Co has P/E ratio of 12.87 with a 52 week low of $43.55 and a 52 week high of $56.24 .
In addition to Jefferies Group reporting its stock price target, a total of 29 equity analysts have released a research note on WFC. The one year target price is $55.14 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the company a sell.
General Company Details For Wells Fargo & Co (NYSE:WFC)
Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. Its Community Banking segment offers financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Its Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses. It operates through over 8,700 locations and approximately 13,000 automated teller machines.
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