Price Target Update on Symantec Corporation (NASDAQ:SYMC)

Symantec Corporation (NASDAQ:SYMC) : Currently there are 10 street experts covering Symantec Corporation (NASDAQ:SYMC) stock. The most bullish and bearish price target for the stock is $24 and $14 respectively for the short term. The average price target of all the analysts comes to $20.5. The estimated standard deviation from the target is $3.61.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, BTIG Research, upgrades their rating on the shares of Symantec Corporation (NASDAQ:SYMC). BTIG Research has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $23 per share. The rating by the firm was issued on June 16, 2016.

Symantec Corporation (NASDAQ:SYMC): stock turned positive on Thursday. Though the stock opened at $20.87, the bulls momentum made the stock top out at $21.28 level for the day. The stock recorded a low of $20.87 and closed the trading day at $21.24, in the green by 2.21%. The total traded volume for the day was 10,549,652. The stock had closed at $20.78 in the previous days trading.

The company shares have dropped -13.99% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $24.29 and the one year low was seen on Mar 4, 2016. The 50-Day Moving Average price is $17.65 and the 200 Day Moving Average price is recorded at $18.77. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Vautrinot Suzanne M, director of Symantec Corp, had unloaded 3,750 shares at an average price of $19 in a transaction dated on June 15, 2016. The total value of the transaction was worth $71,250.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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