Brokerage Firm Rating Update on T. Rowe Price Group (TROW)

T. Rowe Price Group (TROW) : Zacks Investment Research ranks T. Rowe Price Group (TROW) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.5, which indicates as a Buy.

T. Rowe Price Group (TROW) : The most positive equity analysts on T. Rowe Price Group (TROW) expects the shares to touch $83, whereas, the least positive believes that the stock will trade at $71 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $75.38 with an expected fluctuation of $4.31 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of T. Rowe Price Group (NASDAQ:TROW). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $72 per share from a prior target of $76. The rating by the firm was issued on August 24, 2016.

T. Rowe Price Group (NASDAQ:TROW): The stock opened at $68.93 and touched an intraday high of $69.5 on Wednesday. During the day, the stock corrected to an intraday low of $68.93, however, the bulls stepped in and pushed the price higher to close in the green at $69.34 with a gain of 0.38% for the day. The total traded volume for the day was 1,085,289. The stock had closed at $69.08 in the previous trading session.

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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