RBC Capital announced Intel (NASDAQ:INTC), cutting its target to $37.00 earlier today
- Updated: October 19, 2016
Yesterday Intel (NASDAQ:INTC) traded 1.23% higher at $37.75. The company’s 50-day moving average is $36.91 and its 200-day moving average is $33.70. The last stock close price is up 12.00% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was up over the average, with 42,689,630 shares of INTC changing hands over the typical 21,242,600
RBC Capital bumped down the target of Intel (NASDAQ:INTC) to $37.00 stating a potential downside of -0.02%.
On 10/18/2016, Barclays released a statement for Intel (NASDAQ:INTC) increased the target price from $38.00 to $45.00. At the time, this indicated a possible upside of 0.21%.
Recent Performance Chart
Intel has PE ratio of 18.31 with a one year low of $27.68 and a one year high of $38.36 and has a total market value of $0.
A total of 34 equity analysts have released a ratings update on INTC. Ten equity analysts rating the company a strong buy, sixteen equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $35.35.
More About Intel (NASDAQ:INTC)
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company's segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components. DCG segment includes server, network and storage platforms designed for the enterprise, cloud, communications infrastructure and technical computing segments. IOTG segment includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, and buildings and home use. SSG segment includes Intel Security Group, and Software and Services group. All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group.
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