F&C Asset Management Rating Reiterated by Numis Securities Ltd (FCAM)
F&C Asset Management (LON:FCAM)‘s stock had its “hold” rating reiterated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. They currently have a GBX 122 ($2.01) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 0.59% from the company’s current price.
Shares of F&C Asset Management (LON:FCAM) traded up 5.43% on Tuesday, hitting GBX 122.7226. 30,231,632 shares of the company’s stock traded hands. F&C Asset Management has a 1-year low of GBX 86.00 and a 1-year high of GBX 124.10. The stock’s 50-day moving average is GBX 92.34 and its 200-day moving average is GBX 97.16. The company’s market cap is £681.4 million.
The company also recently announced a dividend, which is scheduled for Tuesday, May 20th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Wednesday, April 2nd.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of F&C Asset Management to a “hold” rating in a research note to investors on Friday, January 17th. They now have a GBX 110 ($1.81) price target on the stock, down previously from GBX 130 ($2.14). Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 117.92 ($1.94).
F&C Asset Management plc (LON:FCAM) is an asset management company.
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