Short Term Price Target on BB&T Corporation (BBT)

BB&T Corporation (NYSE:BBT) : Average target price received by BB&T Corporation (NYSE:BBT) is $39.33 with an expected standard deviation of $3.59. The most aggressive target on the stock is $47, whereas the most downbeat target is $34. 16 financial analysts are currently covering the stock.

BB&T Corporation has lost 3.63% in the last five trading days and dropped 2.89% in the last 4 weeks. BB&T Corporation is up 7.14% in the last 3-month period. Year-to-Date the stock performance stands at -4.23%. Also, Major Brokerage house, SunTrust Robinson Humphrey upgrades its ratings on BB&T Corporation (NYSE:BBT). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 16, 2016.

BB&T Corporation (NYSE:BBT) : Zacks Investment Research ranks BB&T Corporation (NYSE:BBT) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2, which indicates as a Buy.

BB&T Corporation (NYSE:BBT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.99 and $34.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.61, notching a gain of 2.68% for the day. The total traded volume was 6,451,205 . The stock had closed at $34.68 on the previous day.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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