Franklin Resources (BEN) : The highest level Franklin Resources (BEN) is projected to reach is $38 for the short term and the lowest estimate is at $28. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $33.57 and the possibility the share price can swing is $3.65.
Franklin Resources (BEN) : The consensus on Franklin Resources (BEN) based on 8 analyst recommendation on the company stock is 3.38, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 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 Franklin Resources (BEN).
Also, Barclays maintains its view on Franklin Resources (NYSE:BEN) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Barclays raises the price target from $30 per share to $31 per share on Franklin Resources . The rating by the firm was issued on August 9, 2016.
Franklin Resources (NYSE:BEN): The stock opened at $36.62 on Thursday but the bulls could not build on the opening and the stock topped out at $36.77 for the day. The stock traded down to $35.64 during the day, due to lack of any buying support eventually closed down at $35.86 with a loss of -1.75% for the day. The stock had closed at $36.50 on the previous day. The total traded volume was 2,972,825 shares.
Franklin Resources, Inc. (Franklin), is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment management and related services under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. It provides services to investment funds in jurisdictions globally, which include the United States- and non- United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. The Companys investment management and related services include fund administration, shareholder services, transfer agency, underwriting, distribution, custodial, trustee and other fiduciary services. Its sponsored investment products include a range of equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products.