Price Target Update on PNC Financial Services Group (The) (NYSE:PNC)

PNC Financial Services Group (The) (NYSE:PNC) : Currently there are 12 street experts covering PNC Financial Services Group (The) (NYSE:PNC) stock. The most bullish and bearish price target for the stock is $105 and $88 respectively for the short term. The average price target of all the analysts comes to $97.54. The estimated standard deviation from the target is $4.68.

Other Equity analysts have also commented on the company shares. Raymond James downgrades its rating on PNC Financial Services Group (The) (NYSE:PNC). Analysts at the Raymond James have a current rating of Underperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on May 9, 2016.

PNC Financial Services Group (The) (NYSE:PNC): stock turned positive on Thursday. Though the stock opened at $85.85, the bulls momentum made the stock top out at $86.76 level for the day. The stock recorded a low of $85.79 and closed the trading day at $86.67, in the green by 2.25%. The total traded volume for the day was 2,228,575. The stock had closed at $84.76 in the previous days trading.

The company shares have dropped -12.98% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $100.52 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $87.00 and the 200 Day Moving Average price is recorded at $87.01. On the companys insider trading activities, Bunch Charles E, director of Pnc Financial Services Group, Inc., executed a transaction worth $87,810 on May 2, 2016. A total of 1,000 shares were purchased at an average price of $87.81. 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.

The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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