Blackrock, Inc. (NYSE:BLK) had its stock rating reiterated as ‘Buy’ in a report released by analysts at UBS Securities.
UBS Securities today set a target price of 430 on the company’s stock. According to the analyst this now indicates there is a potential increase of 21.08% from Blackrock, Inc.’s current price of 355.15.
Over the last twelve months Blackrock, Inc.’s stock price has increased by 11.11% from 319.64 to 355.15.
There are currently 164,463,000 shares in issue with a current share value of 355.15 giving Blackrock, Inc. a market capitalisation of 58.41B USD .
Blackrock, Inc. (NYSE:BLK) has a 50 day moving average of 363.11 and a 200 day moving average of 357.55. The 52 week high for the share price is 376.65 while the 52 week low for the stock is 280.55.
BlackRock, Inc. is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Company offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to institutional investors. BRS also offers risk reporting capabilities via the Green Package and risk management advisory services; interactive fixed income analytics through its Web-based calculator, AnSer; outsourcing services, and investment accounting.