T. Rowe Price Group (TROW) : Analyst Rating Update

T. Rowe Price Group (TROW) has an average broker rating of 2.54, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 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 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

T. Rowe Price Group (TROW) : 8 Wall Street analysts covering T. Rowe Price Group (TROW) believe that the average level the stock could reach for the short term is $77.88. The maximum price target given is $83 and the minimum target for short term is around $74, hence the standard deviation is calculated at $3.6.

T. Rowe Price Group (NASDAQ:TROW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.35 and $70.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.96, notching a gain of 0.85% for the day. The total traded volume was 1,245,138 . The stock had closed at $71.35 on the previous day.

Also, Equity Analysts at the Deutsche Bank maintains the rating on T. Rowe Price Group (NASDAQ:TROW). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $86 per share to $82 per share. The rating by the firm was issued on June 16, 2016. The company shares have dropped -5.83% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $79.74 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $73.58 and the 200 Day Moving Average price is recorded at $72.01.

T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors globally. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.

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