Price Target Update on Ally Financial (NYSE:ALLY)

Ally Financial (NYSE:ALLY) : The most positive equity analysts on Ally Financial (NYSE:ALLY) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $23.71 with an expected fluctuation of $3.35 from the mean.

Other Equity analysts have also commented on the company shares. Macquarie initiates coverage on Ally Financial (NYSE:ALLY) The shares have been rated Neutral. The rating by the firm was issued on May 11, 2016.

Ally Financial (NYSE:ALLY): stock turned positive on Thursday. Though the stock opened at $16.42, the bulls momentum made the stock top out at $16.82 level for the day. The stock recorded a low of $16.375 and closed the trading day at $16.82, in the green by 3.44%. The total traded volume for the day was 3,132,711. The stock had closed at $16.26 in the previous days trading.

The company shares have dropped -30.78% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $23.65 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.16 and the 200 Day Moving Average price is recorded at $17.53. On the companys insider trading activities, Magner Marjorie, director of Ally Financial Inc., had purchased 1,000 shares on May 4, 2016. The total value of the transaction was $16,720. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.

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