Price Target Update on E*TRADE Financial Corporation (NASDAQ:ETFC)

E*TRADE Financial Corporation (NASDAQ:ETFC) : Average target price received by E*TRADE Financial Corporation (NASDAQ:ETFC) is $29.67 with an expected standard deviation of $2.35. The most aggressive target on the stock is $34, whereas the most downbeat target is $27. 9 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Deutsche Bank maintains its rating on E*TRADE Financial Corporation (NASDAQ:ETFC).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $31 per share to $29 per share. The rating by the firm was issued on June 16, 2016.

E*TRADE Financial Corporation (NASDAQ:ETFC): stock turned positive on Thursday. Though the stock opened at $25.67, the bulls momentum made the stock top out at $26.19 level for the day. The stock recorded a low of $25.46 and closed the trading day at $26.19, in the green by 3.72%. The total traded volume for the day was 2,438,755. The stock had closed at $25.25 in the previous days trading.

The company shares have dropped -17.89% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $31.11 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.06 and the 200 Day Moving Average price is recorded at $25.50. On the companys insider trading activities, The officer (Principal Accounting Officer), of E Trade Financial Corp, Simonich Brent had unloaded 3,994 shares at $26.22 per share in a transaction on April 26, 2016. The total value of transaction was $104,723. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.

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