Credit Suisse Reiterates a Hold Rating on Invesco LtdBy Austin Angelo
In a report issued on November 3, Craig Siegenthaler from Credit Suisse reiterated a Hold rating on Invesco Ltd (NYSE: IVZ), with a price target of $31. The company’s shares closed last Friday at $27.86.
According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.
Invesco Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $35.67.
Invesco Ltd’s market cap is currently $11.38B and has a P/E ratio of 14.07. The company has a book value ratio of 1.4710.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Andrew Tak Shing Lo, the Senior MD of IVZ sold 150,000 shares for a total of $4,156,500.
Invesco Ltd. engages as an independent global investment management firm. It offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. The company was founded in December 1935 and is headquartered in Atlanta, GA.