In a report released today, William Katz from Citigroup maintained a Buy rating on LPL Financial (LPLA), with a price target of $96. The company’s shares closed last Monday at $84.35, close to its 52-week high of $89.89.
According to TipRanks.com, Katz is a 5-star analyst with an average return of 8.3% and a 65.6% success rate. Katz covers the Financial sector, focusing on stocks such as Sculptor Capital Management, Inc. Class A, BrightSphere Investment Group plc, and Apollo Global Management LLC.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for LPL Financial with a $98 average price target, which is a 17.0% upside from current levels. In a report issued on September 17, Jefferies also initiated coverage with a Buy rating on the stock with a $96 price target.
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LPL Financial’s market cap is currently $6.94B and has a P/E ratio of 13.92. The company has a Price to Book ratio of 6.81.
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LPL Financial Holdings, Inc. serves independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow their practices.
