F&C Asset Management Stock Rating Reaffirmed by HSBC (FCAM)
F&C Asset Management (LON:FCAM)‘s stock had its “overweight” rating restated by stock analysts at HSBC in a report issued on Thursday, Analyst Ratings Net reports. They currently have a GBX 125 ($2.00) price target on the stock. HSBC’s target price would suggest a potential upside of 23.27% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of F&C Asset Management in a research note to investors on Wednesday. They now have a GBX 107 ($1.71) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of F&C Asset Management in a research note to investors on Tuesday. They now have a GBX 130 ($2.08) price target on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 121.81 ($1.94).
F&C Asset Management (LON:FCAM) traded up 1.48% during mid-day trading on Thursday, hitting GBX 102.90. 256,769 shares of the company’s stock traded hands. F&C Asset Management has a 1-year low of GBX 90.00 and a 1-year 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 £571.4 million.
F&C Asset Management plc (LON:FCAM) is an asset management company.
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