Raymond James Price Target Increased to $52.00 by Analysts at JMP Securities (RJF)
Analysts at JMP Securities upped their price objective on shares of Raymond James (NYSE:RJF) from $50.00 to $52.00 in a research report issued to clients and investors on Friday, American Banking News.com reports. JMP Securities’ price objective would suggest a potential upside of 13.41% from the stock’s previous close.
Shares of Raymond James (NYSE:RJF) opened at 45.85 on Friday. Raymond James has a 52-week low of $34.86 and a 52-week high of $48.22. The stock’s 50-day moving average is $43.09 and its 200-day moving average is $43.79. The company has a market cap of $6.336 billion and a price-to-earnings ratio of 18.95.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Raymond James from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $43.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Raymond James from $39.00 to $41.00 in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.17.
Raymond James Financial, Inc (NYSE:RJF) is a financial services holding company.
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