Short Term Price Target on Franklin Resources (BEN)

Franklin Resources (NYSE:BEN) : Average target price received by Franklin Resources (NYSE:BEN) is $34.75 with an expected standard deviation of $3.99. The most aggressive target on the stock is $39, whereas the most downbeat target is $28. 8 financial analysts are currently covering the stock.

Franklin Resources, Inc. has lost 2.93% in the last five trading days and dropped 8.83% in the last 4 weeks. Franklin Resources, Inc. has dropped 14.93% during the last 3-month period . Year-to-Date the stock performance stands at -8.4%. Also, Brokerage firm Deutsche Bank maintains its rating on Franklin Resources (NYSE:BEN). As per the latest information, the brokerage house lowers the price target to $35 per share from a prior target of $37. The shares have been rated Hold. The rating by the firm was issued on June 16, 2016.

Franklin Resources (NYSE:BEN) : The consensus on Franklin Resources (NYSE:BEN) based on 10 analyst recommendation on the company stock is 3.3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 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 Franklin Resources (NYSE:BEN).

Franklin Resources (NYSE:BEN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.51 and $32.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.37, notching a gain of 2.74% for the day. The total traded volume was 4,878,245 . The stock had closed at $32.48 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Co-President) of Franklin Resources Inc, Johnson Jennifer M had purchased shares worth of $7,505 in a transaction dated on December 22, 2015. A total of 210 shares were purchased at a price of $35.74 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.

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