F&C Asset Management PT Lowered to GBX 106 (FCAM)
Equities researchers at JPMorgan Chase & Co. decreased their target price on shares of F&C Asset Management (LON:FCAM) from GBX 118 ($1.94) to GBX 106 ($1.74) in a research report issued on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 19.91% from the company’s current price.
FCAM has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of F&C Asset Management from GBX 90 ($1.48) to GBX 85 ($1.39) in a research note to investors on Friday, January 3rd. They now have an “underweight” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of F&C Asset Management in a research note to investors on Monday, November 11th. They now have a GBX 107 ($1.75) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of F&C Asset Management in a research note to investors on Tuesday, November 5th. They now have a GBX 130 ($2.13) price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 116.93 ($1.92).
F&C Asset Management (LON:FCAM) opened at 88.40 on Friday. F&C Asset Management has a 52 week low of GBX 87.98 and a 52 week high of GBX 111.80. The stock has a 50-day moving average of GBX 91.49 and a 200-day moving average of GBX 97.16. The company’s market cap is £490.8 million.
F&C Asset Management plc (LON:FCAM) is an asset management company.
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