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Wells Fargo & Co (NYSE:WFC) target price lowered to $45.76, reported today by Atlantic Securities

Yesterday Wells Fargo & Co (NYSE:WFC) traded 1.25% lower at $46.15. WFC’s 50-day average is $48.67 and its 200-day moving average is $48.72. With the last close down 5.71% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. 42,508,854 shares of the stock exchanged hands, up from ann avg. trading volume of 19,338,900.

Wells Fargo & Co (NYSE:WFC) had its estimated target price bumped down to $46 by Atlantic Securities in a report issued 9/16/2016. The new target price suggests a possible downside of -0.01% from the bussiness’ previous closing price.

Previously on 9/15/2016, UBS Securities released a statement about Wells Fargo & Co(NYSE:WFC) lowered the target price from $45.00 to $44.00. At the time, this indicated a possible downside of -0.05%.

See Graphic Below:

Wells Fargo & Co (NYSE:WFC)

Also covering Wells Fargo & Co’s stock price target, a total of 29 brokers have issued a report on the stock. The average target price is $55.14 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and finally 0 analysts rating the stock as sell.

With a total market value of $0.0, Wells Fargo & Co has a 52 week low of $44.50 and a 52 week high of $56.34 with a PE ratio of 11.

Brief Synopsis About 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, and 000 automated teller machines.

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