Wells Fargo (NYSE:WFC) target price lowered to $45.00, issued a report today by FBR & Co.
- Updated: October 19, 2016
Yesterday Wells Fargo (NYSE:WFC) traded 1.01% higher at $44.95. The company’s 50-day moving average is $46.61 and its 200-day moving average is $48.03. The last stock close price is down -6.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 23,603,671 shares of the stock were exchanged, down from an average trading volume of 25,064,600
Wells Fargo (NYSE:WFC) had its target price lowered to $45.00 by FBR & Co. in a report released 10/19/2016. The new target price indicates steady performance relative to the company's last stock close price.
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Wells Fargo has a 52 week low of $43.55 and a 52 week high of $56.34 with a P/E ratio of 11.10 The company’s market cap is currently $0.
In addition to FBR & Co. reporting its target price, a total of 29 firms have issued a report on the stock. The consensus target price is $55.14 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Wells Fargo (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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