Price Target Update on Invesco Plc (NYSE:IVZ)

Invesco Plc (NYSE:IVZ) : The most positive equity analysts on Invesco Plc (NYSE:IVZ) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $36.25 with an expected fluctuation of $2.49 from the mean.

Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its rating on Invesco Plc (NYSE:IVZ). The global brokerage major lowers the current price target from $35 per share to $34 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on June 16, 2016.

Invesco Plc (NYSE:IVZ): stock turned positive on Thursday. Though the stock opened at $29.28, the bulls momentum made the stock top out at $29.64 level for the day. The stock recorded a low of $29.25 and closed the trading day at $29.62, in the green by 2.95%. The total traded volume for the day was 3,043,204. The stock had closed at $28.77 in the previous days trading.

On the companys insider trading activities,The officer (Senior Managing Director) of Invesco Ltd., Meadows Colin sold 40,433 shares at $28.43 on June 10, 2016. The Insider selling transaction had a total value worth of $1,149,510. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment management industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific. The Company offers a range of domestic and global institutional strategies, including traditional and quantitative equities, fixed income (including money market funds for institutional clients), real estate, private equity, financial structures and absolute return strategies. Invesco offers retail investment solutions to clients through third-party financial intermediaries, including traditional broker-dealers, fund supermarkets, retirement platforms, financial advisors, banks, insurance companies and trust companies.

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