Zacks Investment Research downgraded PNC Financial Services Group Inc (NYSE:PNC) to Hold in a report released today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded PNC Financial Services Group Inc (NYSE:PNC) to Hold in a report released on 10/13/2016.
Previously on Wednesday October 12, 2016, Vetr Inc. reported on PNC Financial Services Group Inc (NYSE:PNC) raised the target price from $0.00 to $94.63. At the time, this indicated a possible upside of 0.05%.
Yesterday PNC Financial Services Group Inc (NYSE:PNC) traded -2.26% lower at $90.51. The company’s 50-day moving average is $89.68 and its 200-day moving average is $86.15. The last closing price is up 1.91% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,640,804 shares of the stock were exchanged, down from an average trading volume of 2,480,880
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PNC Financial Services Group Inc has a 52 week low of $77.40 and a 52 week high of $97.50 with a P/E ratio of 12.11 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 26 brokers have issued a research note on the company. The average stock price target is $94.27 with 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 21 brokers rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About PNC Financial Services Group Inc (NYSE:PNC)
The PNC Financial Services Group, Inc. (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio. Retail Banking provides deposit, lending, brokerage, investment management and cash management services. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis. BlackRock provides investment and risk management services to institutional and retail clients. Non-Strategic Assets Portfolio includes residential mortgage and brokered home equity loans.
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