Franklin Resources with ticker code (BEN) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 26 and 19 and has a mean target at 21.82. With the stocks previous close at 27.28 this indicates there is a potential downside of -20.0%. The 50 day MA is 23.89 and the 200 moving average now moves to 25.69. The company has a market capitalisation of $13,613m. Company Website: https://www.franklinresources.com
The potential market cap would be $10,888m 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 Calgary, Canada; Dubai, United Arab Emirates; Edinburgh, United Kingdom; Fort Lauderdale, United States; Hyderabad, India; London, United Kingdom; Rancho Cordova, United states; Shanghai, China; Singapore; Stamford, United States; and Vienna, Austria.
