BB&T Corp. Coverage Initiated at Janney Montgomery Scott (BBT)
Investment analysts at Janney Montgomery Scott started coverage on shares of BB&T Corp. (NYSE:BBT) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of BB&T Corp. (NYSE:BBT) traded down 0.26% during mid-day trading on Tuesday, hitting $38.44. 5,714,460 shares of the company’s stock traded hands. BB&T Corp. has a 52-week low of $29.18 and a 52-week high of $38.78. The stock has a 50-day moving average of $36.30 and a 200-day moving average of $34.94. The company has a market cap of $27.097 billion and a P/E ratio of 17.93.
BBT has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of BB&T Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, January 7th. Separately, analysts at Raymond James upgraded shares of BB&T Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Monday, January 6th. Finally, analysts at Evercore Partners raised their price target on shares of BB&T Corp. from $37.00 to $44.00 in a research note to investors on Monday, December 16th. They now have an “overweight” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. BB&T Corp. presently has an average rating of “Buy” and a consensus price target of $37.84.
BB&T Corporation (NYSE:BBT) is a financial holding company.
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