Short Term Price Target on First Niagara Financial Group (FNFG)

First Niagara Financial Group (NASDAQ:FNFG) : 6 Wall Street analysts covering First Niagara Financial Group (NASDAQ:FNFG) believe that the average level the stock could reach for the short term is $9.75. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.17.

First Niagara Financial Group Inc. has lost 5.8% in the last five trading days and dropped 11.21% in the last 4 weeks. First Niagara Financial Group Inc. is up 1.38% in the last 3-month period. Year-to-Date the stock performance stands at -8.78%.

First Niagara Financial Group (NASDAQ:FNFG) has an average broker rating of 3.29, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

First Niagara Financial Group (NASDAQ:FNFG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.59 and $9.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.74, notching a gain of 1.99% for the day. The total traded volume was 3,306,339 . The stock had closed at $9.55 on the previous day.

In an insider trading activity, Koul Inder, officer (Chief Information Officer) of First Niagara Financial Group Inc, unloaded 238 shares at an average price of $10.6 on June 2, 2016. The total amount of the transaction was worth $2,523, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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