Wells Fargo & Company (WFC) Receives Price Target

Wells Fargo & Company (WFC) : Average target price received by Wells Fargo & Company (WFC) is $54.59 with an expected standard deviation of $6.06. The most aggressive target on the stock is $64, whereas the most downbeat target is $45. 17 financial analysts are currently covering the stock.

Wells Fargo & Company (WFC) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Wells Fargo & Company (NYSE:WFC). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays lowers the price target from $63 per share to $61 per share. The rating by the firm was issued on July 18, 2016.

Wells Fargo & Company (NYSE:WFC): The stock opened at $50.92 on Thursday but the bulls could not build on the opening and the stock topped out at $51.00 for the day. The stock traded down to $50.11 during the day, due to lack of any buying support eventually closed down at $50.43 with a loss of -0.73% for the day. The stock had closed at $50.80 on the previous day. The total traded volume was 17,017,066 shares.

Wells Fargo & Company is a financial services and bank holding company. The Companys segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement. The Companys Community Banking segment offers a range of financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. The Community Banking segments products include investment, insurance and trust services, and mortgage and home equity loans. The Community Banking segments products and business segments include middle market commercial banking, government and institutional banking, corporate banking and commercial real estate, among others. The Companys Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.

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