In a report released today, Brian Bedell from Deutsche Bank maintained a Buy rating on Northern Trust (NTRS), with a price target of $107. The company’s shares closed yesterday at $97.46.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.9% and a 52.5% success rate. Bedell covers the Financial sector, focusing on stocks such as WisdomTree Investments, Affiliated Managers, and Franklin Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Trust with a $116.14 average price target, implying a 19.2% upside from current levels. In a report issued on November 7, Wells Fargo also upgraded the stock to Buy with a $126 price target.
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Northern Trust’s market cap is currently $21.58B and has a P/E ratio of 15.35. The company has a Price to Book ratio of 2.28.
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Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through two segments: Corporate & Institutional Services and Wealth Management.
