Invesco Ltd Gets a Buy Rating from Credit Suisse

By Ryan Adsit

Credit Suisse analyst Craig Siegenthaler maintained a Buy rating on Invesco Ltd (NYSE: IVZ) yesterday and set a price target of $41. The company’s shares closed yesterday at $26.56, close to its 52-week low of $26.16.

According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 7.9% and a 64.1% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.

Currently, the analyst consensus on Invesco Ltd is a Strong Buy with an average price target of $37.60.

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Invesco Ltd’s market cap is currently $10.91B and has a P/E ratio of 9.44. The company has a Price to Book ratio of 1.23.

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Invesco Ltd. engages as an independent global investment management firm. It operates through Investment Management segment. 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.