Price Target Update on BB&T Corporation (NYSE:BBT)

BB&T Corporation (NYSE:BBT) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $47 and the lowest price target forecast is $34. The average forecast of all the analysts is $39.43 and the expected standard deviation is $3.5.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, SunTrust Robinson Humphrey, upgrades their rating on the shares of BB&T Corporation (NYSE:BBT). SunTrust Robinson Humphrey has a Outperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 16, 2016.

BB&T Corporation (NYSE:BBT): stock turned positive on Thursday. Though the stock opened at $36.37, the bulls momentum made the stock top out at $36.95 level for the day. The stock recorded a low of $36.37 and closed the trading day at $36.95, in the green by 2.70%. The total traded volume for the day was 4,210,404. The stock had closed at $35.98 in the previous days trading.

The company shares have dropped -12.29% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $41.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $35.33 and the 200 Day Moving Average price is recorded at $34.56. On the companys insider trading activities, The director, of Bb&T Corp, Banner Jennifer S had unloaded 1,545 shares at $36.26 per share in a transaction on May 27, 2016. The total value of transaction was $56,022. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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