Wells Fargo was Downgraded to a Hold Rating at Jefferies

By Ryan Adsit

Wells Fargo (NYSE: WFC) received a Hold rating from Jefferies analyst Ken Usdin today. The company’s shares closed last Friday at $52.62.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 19.6% and a 85.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Astoria Financial Corp., and Capital One Financial.

Wells Fargo has an analyst consensus of Hold, with a price target consensus of $50.30.

The company has a one year high of $56.24 and a one year low of $43.55. Currently, Wells Fargo has an average volume of 32.03M.

Based on the recent corporate insider activity of 69 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 WFC in relation to earlier this year.