Invesco Plc (IVZ) : Zacks Investment Research ranks Invesco Plc (IVZ) 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. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.46, which indicates as a Strong Buy.
Invesco Plc (IVZ) : Average target price received by Invesco Plc (IVZ) is $35 with an expected standard deviation of $3.38. The most aggressive target on the stock is $39, whereas the most downbeat target is $30. 8 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Invesco Plc (NYSE:IVZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.56 and $29.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.70, notching a gain of 1.05% for the day. The total traded volume was 2,483,583 . The stock had closed at $29.39 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Invesco Ltd., Johnson Ben F. Iii, had purchased 2,000 shares in a transaction dated on August 1, 2016. The transaction was executed at $29.24 per share with total amount equaling $58,480.
Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment management industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific. The Company offers a range of domestic and global institutional strategies, including traditional and quantitative equities, fixed income (including money market funds for institutional clients), real estate, private equity, financial structures and absolute return strategies. Invesco offers retail investment solutions to clients through third-party financial intermediaries, including traditional broker-dealers, fund supermarkets, retirement platforms, financial advisors, banks, insurance companies and trust companies.