Analyst Rating Update on T. Rowe Price Group (TROW)

T. Rowe Price Group (NASDAQ:TROW) has an average broker rating of 2.54, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 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 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

T. Rowe Price Group (NASDAQ:TROW) stock is expected to deviate a maximum of $3.29 from the average target price of $78.63 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $83 and the most muted being $74.

Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank maintains its view on T. Rowe Price Group (NASDAQ:TROW) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $86 per share to $82 per share on T. Rowe Price Group . The rating by the firm was issued on June 16, 2016.

T. Rowe Price Group (NASDAQ:TROW): stock turned positive on Tuesday. Though the stock opened at $68.43, the bulls momentum made the stock top out at $69.5 level for the day. The stock recorded a low of $67.86 and closed the trading day at $69.38, in the green by 2.60%. The total traded volume for the day was 2,245,564. The stock had closed at $67.62 in the previous days trading.

In an insider trading activity,The director of Price T Rowe Group Inc, Kennedy James A C sold 50,000 shares at $77.75 on April 27, 2016. The Insider selling transaction had a total value worth of $3,887,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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