Franklin Resources found using ticker (BEN) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 34 and 23 with a mean TP of 26.91. With the stocks previous close at 29.76 this now indicates there is a potential downside of -9.6%. The 50 day MA is 29.38 and the 200 day MA is 26.19. The market cap for the company is $14,655m. Company Website: https://www.franklinresources.com
The potential market cap would be $13,252m 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.
