Price Target Update on Brookdale Senior Living (NYSE:BKD)

Brookdale Senior Living (NYSE:BKD) : Currently there are 4 street experts covering Brookdale Senior Living (NYSE:BKD) stock. The most bullish and bearish price target for the stock is $29 and $20 respectively for the short term. The average price target of all the analysts comes to $23.75. The estimated standard deviation from the target is $4.11.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Barclays maintains its outlook on Brookdale Senior Living (NYSE:BKD). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm lowers the price target from $21 per share to $16 per share. The rating by the firm was issued on February 10, 2016.

Brookdale Senior Living (NYSE:BKD): stock turned positive on Thursday. Though the stock opened at $16.27, the bulls momentum made the stock top out at $16.51 level for the day. The stock recorded a low of $16.135 and closed the trading day at $16.26, in the green by 1.43%. The total traded volume for the day was 4,099,617. The stock had closed at $16.03 in the previous days trading.

The company shares have dropped -55.07% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $36.19 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $17.55 and the 200 Day Moving Average price is recorded at $16.72. On the companys insider trading activities, Clegg Jackie M, director of Brookdale Senior Living Inc., executed a transaction worth $23,340 on March 4, 2016. A total of 1,500 shares were purchased at an average price of $15.56. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Brookdale Senior Living Inc. operates senior living communities in the United States. The Company operates independent, assisted living and dementia-care communities, and continuing care retirement centers (CCRCs). The Company has five operating segments: Retirement Centers; Assisted Living; CCRCs – Rental; Brookdale Ancillary Services, and Management Services. The Companys Retirement Centers segment provides senior independent and assisted living services in its retirement center communities. The Companys Assisted Living segment offers housing and assisted living services to mid-acuity frail and elderly residents. The Companys CCRCs – Rental segment provides living arrangements and services for various types of health. The Brookdale Ancillary Services segment provides home health, therapy and other ancillary services, and education and wellness programs. The Management Services segment operates communities owned by third parties or by the Companys unconsolidated ventures.

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