Affiliated Managers Group Inc. Reaches New 12-Month High at $203.10 (AMG)
Affiliated Managers Group (NYSE:AMG) set a new 52-week high during trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $203.10 and last traded at $198.81, with a volume of 291,206 shares. The stock had previously closed at $202.33.
A number of analysts have recently weighed in on AMG shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Affiliated Managers Group from $195.00 to $202.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their EPS on shares of Affiliated Managers Group in a research note to investors on Monday, October 7th. They now have a “buy” rating and a $214.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Affiliated Managers Group in a research note to investors on Friday, October 4th. They now have a $195.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $181.10.
Affiliated Managers Group has a 1-year low of $116.10 and a 1-year high of $186.72. The stock has a 50-day moving average of $178.8 and a 200-day moving average of $163.6. The company has a market cap of $10.519 billion and a P/E ratio of 42.39.
Affiliated Managers Group, Inc (NYSE:AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates).
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