Price Target Update on First Niagara Financial Group (NASDAQ:FNFG)

First Niagara Financial Group (NASDAQ:FNFG) : 6 Wall Street analysts covering First Niagara Financial Group (NASDAQ:FNFG) believe that the average level the stock could reach for the short term is $9.75. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.17.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Standpoint Research downgrades its rating on First Niagara Financial Group (NASDAQ:FNFG). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on November 13, 2015.

First Niagara Financial Group (NASDAQ:FNFG): stock turned positive on Thursday. Though the stock opened at $10.19, the bulls momentum made the stock top out at $10.37 level for the day. The stock recorded a low of $10.18 and closed the trading day at $10.34, in the green by 2.89%. The total traded volume for the day was 3,000,589. The stock had closed at $10.05 in the previous days trading.

The company shares have rallied 4.47% from its 1 Year high price. On Oct 29, 2015, the shares registered one year high at $11.22 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $10.49 and the 200 Day Moving Average price is recorded at $10.10. On the companys insider trading activities, Koul Inder, officer (Chief Information Officer) of First Niagara Financial Group Inc, unloaded 238 shares at an average price of $10.6 on June 2, 2016. The total amount of the transaction was worth $2,523, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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