Price Target Update on 3M Company (NYSE:MMM)

3M Company (NYSE:MMM) : 10 investment research analysts covering 3M Company (NYSE:MMM) have an average price target of $165 for the near short term. The highest target price given by the Brokerage Firm to the stock is $190 and the lowest target is $134 for the short term. Analysts expect the variance to be within $19.96 of the average price.

Other Equity analysts have also commented on the company shares. Citigroup maintains its view on 3M Company (NYSE:MMM) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $168 per share to $191 per share on 3M Company. The rating by the firm was issued on April 19, 2016.

3M Company (NYSE:MMM): stock turned positive on Thursday. Though the stock opened at $172.71, the bulls momentum made the stock top out at $174.15 level for the day. The stock recorded a low of $172.46 and closed the trading day at $174.11, in the green by 1.68%. The total traded volume for the day was 2,021,557. The stock had closed at $171.23 in the previous days trading.

The company shares have rallied 9.82% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $172.80 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $168.78 and the 200 Day Moving Average price is recorded at $159.69. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Singh Jesse G, officer (Senior Vice President) of 3m Co, had unloaded 35,078 shares at an average price of $169.94 in a transaction dated on May 12, 2016. The total value of the transaction was worth $5,961,155.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.