Franklin Resources (NYSE:BEN) : Average target price received by Franklin Resources (NYSE:BEN) is $35.25 with an expected standard deviation of $3.85. The most aggressive target on the stock is $39, whereas the most downbeat target is $28. 8 financial analysts are currently covering the stock.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Franklin Resources (NYSE:BEN). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $37 per share to $35 per share. The rating by the firm was issued on June 16, 2016.
Franklin Resources (NYSE:BEN): stock turned positive on Thursday. Though the stock opened at $34.35, the bulls momentum made the stock top out at $34.58 level for the day. The stock recorded a low of $34.115 and closed the trading day at $34.58, in the green by 2.49%. The total traded volume for the day was 2,051,129. The stock had closed at $33.74 in the previous days trading.
The company shares have dropped -32.94% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $50.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $35.29 and the 200 Day Moving Average price is recorded at $36.16. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Co-President) of Franklin Resources Inc, Johnson Jennifer M, had purchased 210 shares in a transaction dated on December 22, 2015. The transaction was executed at $35.74 per share with total amount equaling $7,505.
Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.