According to an update released by analysts at FBR & Co. the broker has now set a ‘Mkt Perform’ rating on shares of Wells Fargo & Company (NYSE:WFC) with a price target of 45.
FBR & Co. on Wednesday downgraded Wells Fargo & Company’s analyst rating to ‘Mkt Perform’ with its price target of 45 highlighting a potential decrease of -0.79% from Wells Fargo & Company’s current price of 45.36.
Over the last twelve months Wells Fargo & Company’s stock price has decreased from 51 to 45.36, a change of -11.06%.
Wells Fargo & Company has 5,045,547,000 shares in issue which have a share price of 45.36 giving Wells Fargo & Company a market capitalisation of 228.87B USD.
The company has a 50 day moving average of 46.47 and a 200 day moving average of 48.01. The 52 week high shares of Wells Fargo & Company have reached is 56.34 whilst the 52 week low for the company’s shares is 43.55.
Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. Its Community Banking segment offers 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. Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Its Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses. It operates through over 8,700 locations and approximately 13,000 automated teller machines.