Price Target Update on Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) : The most positive equity analysts on Wells Fargo & Company (NYSE:WFC) expects the shares to touch $64, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 18 Wall Street Brokerage Firms. The average price target for shares are $56.5 with an expected fluctuation of $5.64 from the mean.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Nomura maintains its ratings on Wells Fargo & Company (NYSE:WFC). In the latest research report, Nomura lowers the target price from $60 per share to $58 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 25, 2016.

Wells Fargo & Company (NYSE:WFC): stock turned positive on Thursday. Though the stock opened at $47.64, the bulls momentum made the stock top out at $47.91 level for the day. The stock recorded a low of $47.39 and closed the trading day at $47.91, in the green by 2.00%. The total traded volume for the day was 16,269,981. The stock had closed at $46.97 in the previous days trading.

The company shares have dropped -17.84% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $58.77 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $48.88 and the 200 Day Moving Average price is recorded at $49.71. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Wells Fargo & Company/Mn, Pena Federico F had purchased shares worth of $4,208 in a transaction dated on March 11, 2016. A total of 085 shares were purchased at a price of $49.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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