In a report released yesterday, Robert Lee from KBW reiterated a Hold rating on Franklin Resources (BEN), with a price target of $27. The company’s shares opened today at $28.79, close to its 52-week low of $27.34.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 6.6% and a 63.3% success rate. Lee covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Apollo Global Management LLC, and Victory Capital Holdings Inc.
Franklin Resources has an analyst consensus of Moderate Sell, with a price target consensus of $27.36, representing a -5.0% downside. In a report released today, Deutsche Bank also maintained a Hold rating on the stock with a $29 price target.
See today’s analyst top recommended stocks >>
Franklin Resources’ market cap is currently $15.1B and has a P/E ratio of 20.34. The company has a Price to Book ratio of 1.53.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners.
