T. Rowe Price Group Price Target Increased to $89.00 by Analysts at RBC Capital (TROW)
Research analysts at RBC Capital increased their price objective on shares of T. Rowe Price Group (NASDAQ:TROW) from $81.00 to $89.00 in a report released on Wednesday, Stock Ratings Network reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 8.83% from the company’s current price.
T. Rowe Price Group (NASDAQ:TROW) opened at 81.78 on Wednesday. T. Rowe Price Group has a 52-week low of $68.01 and a 52-week high of $84.41. The stock has a 50-day moving average of $81.87 and a 200-day moving average of $76.87. The company has a market cap of $21.337 billion and a P/E ratio of 22.17.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of T. Rowe Price Group from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $85.00 price target on the stock, down previously from $93.00. Separately, analysts at BMO Capital Markets cut their price target on shares of T. Rowe Price Group to $87.00 in a research note to investors on Friday, January 17th. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of T. Rowe Price Group from $81.50 to $85.00 in a research note to investors on Tuesday, January 14th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.16.
T. Rowe Price Group, Inc is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T.
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