F&C Asset Management Receives “Buy” Rating from Canaccord Genuity (FCAM)
F&C Asset Management (LON:FCAM)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research note issued on Tuesday, American Banking & Market News reports. They currently have a GBX 130 ($2.08) price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 32.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of F&C Asset Management in a research note to investors on Thursday, October 10th. They now have a GBX 117 ($1.87) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of F&C Asset Management from GBX 113 ($1.80) to GBX 118 ($1.88) in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of F&C Asset Management in a research note to investors on Wednesday, October 2nd. They now have a GBX 107 ($1.71) price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. F&C Asset Management has an average rating of “Buy” and an average target price of GBX 121.41 ($1.94).
F&C Asset Management (LON:FCAM) traded up 1.29% during mid-day trading on Tuesday, hitting GBX 98.25. 2,864,371 shares of the company’s stock traded hands. F&C Asset Management has a 52-week low of GBX 90.00 and a 52-week high of GBX 111.80. The stock’s 50-day moving average is GBX 101.9 and its 200-day moving average is GBX 99.43. The company’s market cap is £545.5 million.
F&C Asset Management plc (LON:FCAM) is an asset management company.
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