Franklin Resources with ticker code (BEN) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 28 and 21 with a mean TP of 24.89. Given that the stocks previous close was at 28.67 this indicates there is a potential downside of -13.2%. The 50 day MA is 25.38 and the 200 day moving average is 29.09. The company has a market capitalisation of $14,462m. Visit the company website at: https://www.franklinresources.com
The potential market cap would be $12,556m based on the market concensus.
Franklin Resources is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.
