PNC Financial Services Group (The) (PNC): Price Target and June Short Interest Disclosure

PNC Financial Services Group (The) (PNC) : The highest level PNC Financial Services Group (The) (PNC) is projected to reach is $100 for the short term and the lowest estimate is at $84. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $93.79 and the possibility the share price can swing is $5.62.

The short interest in PNC Financial Services Group (The) (PNC) has increased from 6,383,710 on June 15,2016 to 6,420,917 on June 30,2016. The change was measured at 37,207 shares or 0.6%. The leftover shorts were 1.3% of the floated shares. The days to cover are 2, given the average daily volume of 3,833,687 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Nomura upgrades its rating on PNC Financial Services Group (The) (NYSE:PNC). The global brokerage major lowers the current price target from $95 per share to $84 per share. Analysts at the Nomura have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 7, 2016.


PNC Financial Services Group (The) (NYSE:PNC): stock turned positive on Thursday. Though the stock opened at $83.41, the bulls momentum made the stock top out at $83.59 level for the day. The stock recorded a low of $82.46 and closed the trading day at $82.86, in the green by 1.61%. The total traded volume for the day was 3,689,651. The stock had closed at $81.55 in the previous days trading.

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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