PNC Financial Services Group (The) (PNC) : Analyst Rating Update

PNC Financial Services Group (The) (PNC) : The consensus on PNC Financial Services Group (The) (PNC) based on 20 analyst recommendation on the company stock is 2.35, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on PNC Financial Services Group (The) (PNC).

PNC Financial Services Group (The) (PNC) : 12 investment research analysts covering PNC Financial Services Group (The) (PNC) have an average price target of $97.54 for the near short term. The highest target price given by the Brokerage Firm to the stock is $105 and the lowest target is $88 for the short term. Analysts expect the variance to be within $4.68 of the average price.

PNC Financial Services Group (The) (NYSE:PNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.35 and $77.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.38, notching a gain of 0.70% for the day. The total traded volume was 2,921,746 . The stock had closed at $78.83 on the previous day.

Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on PNC Financial Services Group (The) (NYSE:PNC). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on May 9, 2016. The company shares have dropped -16.26% 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 Jun 27, 2016. The 50-Day Moving Average price is $85.89 and the 200 Day Moving Average price is recorded at $86.08.

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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