Franklin Resources (BEN) : 1 brokerage houses believe that Franklin Resources (BEN) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Franklin Resources (BEN). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 3.3.
Franklin Resources (BEN) : Average target price received by Franklin Resources (BEN) is $34.75 with an expected standard deviation of $3.99. The most aggressive target on the stock is $39, whereas the most downbeat target is $28. 8 financial analysts are currently covering the stock.
Franklin Resources (NYSE:BEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.89 and $31.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.53, notching a gain of 0.71% for the day. The total traded volume was 2,986,794 . The stock had closed at $32.30 on the previous day.
Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Franklin Resources (NYSE:BEN). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank lowers the price target from $37 per share to $35 per share. The rating by the firm was issued on June 16, 2016. The company shares have dropped -32.67% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $49.64 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $34.48 and the 200 Day Moving Average price is recorded at $35.87.
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.