Short Term Price Target on PNC Financial Services Group (The) (PNC)

PNC Financial Services Group (The) (NYSE:PNC) : 12 investment research analysts covering PNC Financial Services Group (The) (NYSE: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.

The PNC Financial Services Group, Inc. has lost 6.09% in the last five trading days and dropped 9.3% in the last 4 weeks. The PNC Financial Services Group, Inc. has dropped 3.98% during the last 3-month period . Year-to-Date the stock performance stands at -13.57%. Also, Equity Analysts at the Brokerage Firm, Raymond James, downgrades their rating on the shares of PNC Financial Services Group (The) (NYSE:PNC). Raymond James has a Underperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on May 9, 2016.

PNC Financial Services Group (The) (NYSE:PNC) : Zacks Investment Research ranks PNC Financial Services Group (The) (NYSE:PNC) as 4, which is a Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 20 research analysts is 2.35, which indicates as a Buy.

PNC Financial Services Group (The) (NYSE:PNC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.04 and $80.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.39, notching a gain of 1.31% for the day. The total traded volume was 3,735,790 . The stock had closed at $80.34 on the previous day.

In an insider trading activity, Bunch Charles E, director of Pnc Financial Services Group, Inc. had purchased 1,000 shares on May 2, 2016 in a transaction. The price per share was $87.81 and the total amount of the disclosed transaction was $87,810.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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