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UBS Securities announced Wells Fargo & Company (NYSE:WFC), dropping its stock price target to $44.00 today

Just yesterday Wells Fargo & Company (NYSE:WFC) traded 1.25% lower at $46.15. Wells Fargo & Company’s 50-day moving average is $48.67 and its two hundred day average is $48.72. The last stock price close is down 5.71% relative to the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the same time. 42,508,854 shares of the stock exchanged hands, up from ann avg. trading volume of 19,338,900.

Wells Fargo & Company (NYSE:WFC) had its target price fell to $44 by UBS Securities in an issued report announced 9/15/2016. The new target price implies a possible downside of -0.05% from the bussiness’ most recent stock close price.

Previously on 9/13/2016, Vetr Inc. reported about Wells Fargo & Company(NYSE:WFC) upped the target price from $0.00 to $46.98. At the time, this suggested a downside of -0.03%.

See Graph Below:

Wells Fargo & Company (NYSE:WFC)

A total of 29 equity analysts have issued a report on the stock. Zero rate the company a strong buy, 0 rate the company a buy, 0 analysts rate the company a hold, 0 rate the company to underperform, and finally 0 firmsrate the company as sell with an average target of $55.14

With a total market value of $0.0, Wells Fargo & Company has a one-year low of $44.50 and a 52 week high of $56.34 with a price-earnings ratio of 11.

Brief Synopsis About Wells Fargo & Company (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, and 000 automated teller machines.

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