Bank of New York Mellon Corp. (NYSE: BK) had its target price cut by Jefferies Group from $32.00 to $31.00 in a report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a hold rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Bank of New York Mellon Corp. in a research note to investors on Thursday, June 20th. They now have a $30.50 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Bank of New York Mellon Corp. in a research note to investors on Tuesday, June 11th. They now have a $31.50 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Bank of New York Mellon Corp. from $31.00 to $33.00 in a research note to investors on Monday, June 10th.
One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Bank of New York Mellon Corp. presently has an average rating of Hold and a consensus price target of $29.17.
Bank of New York Mellon Corp. (NYSE: BK) traded up 0.39% on Tuesday, hitting $28.53. Bank of New York Mellon Corp. has a 52-week low of $20.13 and a 52-week high of $30.85. The stock’s 50-day moving average is currently $29.41. The company has a market cap of $33.113 billion and a price-to-earnings ratio of 22.10.
The Bank of New York Mellon Corporation (NYSE: BK) is a global financial services company.