Analyst Rating Update on PNC Financial Services Group (The) (PNC)

PNC Financial Services Group (The) (PNC) : The consensus on PNC Financial Services Group (The) (PNC) based on 20 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 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 PNC Financial Services Group (The) (PNC).

PNC Financial Services Group (The) (PNC) : 12 Wall Street analysts covering PNC Financial Services Group (The) (PNC) believe that the average level the stock could reach for the short term is $92.88. The maximum price target given is $100 and the minimum target for short term is around $84, hence the standard deviation is calculated at $6.02.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Barclays maintains its rating on PNC Financial Services Group (The) (NYSE:PNC). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays lowers the price target from $100 per share to $97 per share. The rating by the firm was issued on July 18, 2016.


PNC Financial Services Group (The) (NYSE:PNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.17 and $82.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.85, notching a gain of 2.68% for the day. The total traded volume was 3,615,240 . The stock had closed at $81.66 on the previous day.

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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