Tyco International plc (TYC): Price Target and June Short Interest Disclosure

Tyco International plc (TYC) : The consensus price target for Tyco International plc (TYC) is $43.5 for the short term with a standard deviation of $9.15. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $52, however, the pessimist price target for the company is $27.

Tyco International plc (TYC), A reduction of 1,250,801 shares or 12.9% was observed in the short interest of Tyco International plc The interest on June 30,2016 came in at 8,411,240 shares and as per the average daily trading of 3,949,969 shares, the days to cover are 2. The reduced interest is 2% of the floated shares. The data of June 15,2016 put the interest at 9,662,041 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Major Brokerage house, Atlantic Equities upgrades its ratings on Tyco International plc (NYSE:TYC). In the latest research report, Atlantic Equities raises the target price from $40 per share to $52 per share. According to the latest information available, the shares are now rated Overweight 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 26, 2016.


Tyco International plc (NYSE:TYC): stock turned positive on Thursday. Though the stock opened at $43.73, the bulls momentum made the stock top out at $43.96 level for the day. The stock recorded a low of $43.32 and closed the trading day at $43.34, in the green by 0.07%. The total traded volume for the day was 2,134,309. The stock had closed at $43.31 in the previous days trading.

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