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UBS Securities disclosed Wells Fargo & Company (NYSE:WFC), bumping down its price target to $56.00 earlier today

Reporting a potential upside of 0.09%, UBS Securities dropped the price target of Wells Fargo & Company (NYSE:WFC) to $56.00

Just yesterday Wells Fargo & Company (NYSE:WFC) traded 0.21% higher at $51.47. Wells Fargo & Company’s 50-day moving average is $52.01 and its 200-day moving average is $54.08. The last closing price is down -4.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 5,784,569 shares of WFC traded hands, down from an average trading volume of 17,364,100

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Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company has 52 week low of $43.55 and a 52 week high of $59.99 with a PE ratio of 12.66 and has a market capitalization of $0.

In addition to UBS Securities reporting its stock price target, a total of 29 brokers have issued a research note on the company. The average stock price target is $55.14 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

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