F&C Asset Management Downgraded by Canaccord Genuity to “Hold” (FCAM)
F&C Asset Management (LON:FCAM) was downgraded by analysts at Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. They currently have a GBX 110 ($1.81) price objective on the stock, down from their previous price objective of GBX 130 ($2.14). Canaccord Genuity’s price objective would indicate a potential upside of 25.00% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of F&C Asset Management from GBX 118 ($1.94) to GBX 106 ($1.75) in a research note to investors on Friday, January 10th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays cut their price target on shares of F&C Asset Management from GBX 90 ($1.48) to GBX 85 ($1.40) in a research note to investors on Friday, January 3rd. They now have an “underweight” rating on the stock. Finally, 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 ($1.76) price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 115.14 ($1.90).
Shares of F&C Asset Management (LON:FCAM) traded up 0.80% on Friday, hitting GBX 88.00. The stock had a trading volume of 2,409,704 shares. F&C Asset Management has a 52 week low of GBX 87.20 and a 52 week high of GBX 111.80. The stock has a 50-day moving average of GBX 90. and a 200-day moving average of GBX 96.96. The company’s market cap is £488.6 million.
F&C Asset Management plc (LON:FCAM) is an asset management company.
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