HSBC reiterated their overweight rating on shares of F&C Asset Management (LON:FCAM) in a research report released on Thursday morning, AmericanBankingNews.com reports. HSBC currently has a GBX 125 ($2.02) price objective on the stock.
HSBC has also modified their ratings on a number of other stocks in the few days. The firm upgraded shares of Banco Santander, S.A. to a neutral rating. Also, HSBC upgraded shares of Goldcorp from a neutral rating to an overweight rating. Finally, HSBC downgraded shares of Gold Fields from a neutral rating to an underweight rating. Their analysts now have a $4.30 price target on that stock, down previously from $6.20.
Shares of F&C Asset Management (LON:FCAM) remained flat at GBX 104.00 during trading on Thursday. 2,342,105 shares of the company’s stock traded hands. F&C Asset Management has a 1-year low of GBX 90.00 and a 1-year high of GBX 111.80. The stock has a 50-day moving average of GBX 97.63 and a 200-day moving average of GBX 98.10. The company’s market cap is £577.5 million.
A number of other analysts have also recently weighed in on FCAM. Analysts at Numis Securities Ltd reiterated a hold rating on shares of F&C Asset Management in a research note to investors on Wednesday, October 16th. They now have a GBX 107 ($1.73) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a buy rating on shares of F&C Asset Management in a research note to investors on Tuesday, October 15th. They now have a GBX 130 ($2.10) price target on the stock. Finally, analysts at Macquarie reiterated an outperform rating on shares of F&C Asset Management in a research note to investors on Thursday, October 10th. They now have a GBX 117 ($1.89) price target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 121.81 ($1.97).
F&C Asset Management plc (LON:FCAM) is an asset management company.
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