Lincoln National (LNC) Gets a Hold Rating from Credit Suisse
Credit Suisse analyst Andrew Kligerman maintained a Hold rating on Lincoln National (LNC) yesterday and set a price target of $41.00. The company’s shares closed last Thursday at $35.92.
According to TipRanks.com, Kligerman is a 3-star analyst with an average return of 2.5% and a 48.8% success rate. Kligerman covers the Financial sector, focusing on stocks such as American International Group, Brighthouse Financial, and Ameriprise Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lincoln National with a $42.57 average price target, implying a 17.4% upside from current levels. In a report issued on July 27, B.Riley FBR also maintained a Hold rating on the stock with a $35.00 price target.
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The company has a one-year high of $62.95 and a one-year low of $16.11. Currently, Lincoln National has an average volume of 2.14M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LNC in relation to earlier this year.
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Founded in 1905, Philadelphia-based Lincoln National offers individual and group insurance, retirement, and investment products in the United States and the United Kingdom. The firm distributes its products through independent and company-employed agents, wirehouses, and banks. Lincoln also owns and operates 15 radio stations it acquired as part of the 2006 merger with Jefferson-Pilot Financial.