Jefferies Group reiterated their hold rating on shares of Northern Trust (NASDAQ: NTRS) in a research note issued to investors on Monday. The firm currently has a $51.00 target price on the stock, up from their previous target price of $47.00.
“Revenue proxies held strong through February, with equity markets adding to January gains and FX volume/volatility proxies still elevated. We have updated models marginally to reflect the two solid months, but have not marked fully given ongoing volatility (leaving some upside potential if March delivers). STT is best positioned to benefit from rising equity levels and FX activity, in our view, and is our preferred name.,” the firm’s analyst commented.
Northern Trust traded up 0.02% on Monday, hitting $54.08. Northern Trust has a 52-week low of $41.11 and a 52-week high of $54.83. The stock’s 50-day moving average is currently $52.25. The company has a market cap of $12.934 billion and a price-to-earnings ratio of 19.24.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an equal weight rating on shares of Northern Trust in a research note to investors on Wednesday, February 27th. They now have a $55.00 price target on the stock. Separately, analysts at JPMorgan Chase reiterated a neutral rating on shares of Northern Trust in a research note to investors on Monday, February 25th. They now have a $54.00 price target on the stock, up previously from $50.50. Finally, analysts at Zacks reiterated a neutral rating on shares of Northern Trust in a research note to investors on Thursday, January 17th. They now have a $52.00 price target on the stock.
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