Raymond James Reaches New 12-Month High at $54.29 (RJF)
Raymond James (NYSE:RJF)’s share price reached a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $54.29 and last traded at $54.21, with a volume of 440,258 shares traded. The stock had previously closed at $53.28.
A number of research firms have recently commented on RJF. Analysts at Credit Suisse initiated coverage on shares of Raymond James in a research note to investors on Wednesday. They set an “outperform” rating and a $60.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Raymond James in a research note to investors on Thursday, January 9th. They set a “buy” rating and a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Raymond James in a research note to investors on Wednesday, January 8th. They now have a $55.00 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.88.
Raymond James has a 52 week low of $39.31 and a 52 week high of $53.83. The stock has a 50-day moving average of $50.50 and a 200-day moving average of $45.41. The company has a market cap of $7.266 billion and a price-to-earnings ratio of 20.63.
Raymond James Financial, Inc (NYSE:RJF) is a financial services holding company.
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