Invesco (NYSE:IVZ) received a $47.00 price target from research analysts at Royal Bank of Canada in a research report issued on Saturday. The firm currently has a “buy” rating on the asset manager’s stock. Royal Bank of Canada’s target price suggests a potential upside of 28.56% from the company’s current price.
A number of other research firms have also weighed in on IVZ. Citigroup boosted their target price on shares of Invesco from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine raised shares of Invesco from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Wells Fargo & Company boosted their target price on shares of Invesco from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group upped their price objective on shares of Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.00.
Shares of Invesco (NYSE IVZ) opened at $36.56 on Friday. The stock has a market cap of $14,882.77, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.15 and a beta of 1.81. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco has a 52 week low of $28.75 and a 52 week high of $37.85.
In related news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the sale, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC bought a new stake in Invesco during the third quarter worth about $145,000. Valeo Financial Advisors LLC bought a new stake in Invesco during the third quarter worth about $160,000. C M Bidwell & Associates Ltd. bought a new stake in Invesco during the second quarter worth about $185,000. ETRADE Capital Management LLC bought a new stake in Invesco during the third quarter worth about $205,000. Finally, Financial Counselors Inc. bought a new stake in Invesco during the second quarter worth about $215,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/12/17/invesco-ivz-given-a-47-00-price-target-by-royal-bank-of-canada-analysts.html.
About Invesco
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.