Lincoln National (NYSE:LNC – Get Rating) had its price target reduced by investment analysts at Barclays from $36.00 to $35.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential downside of 7.24% from the stock’s previous close.
Several other analysts have also recently commented on LNC. Bank of America cut shares of Lincoln National from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $78.00 to $40.00 in a research note on Friday, November 4th. The Goldman Sachs Group raised shares of Lincoln National from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $50.00 to $46.00 in a research note on Wednesday. Morgan Stanley cut shares of Lincoln National from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $68.00 to $54.00 in a research note on Thursday, November 3rd. Credit Suisse Group raised shares of Lincoln National from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $41.00 in a research note on Friday, November 4th. Finally, Jefferies Financial Group cut shares of Lincoln National from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $51.00 in a research note on Monday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.25.
Lincoln National Stock Up 4.4 %
LNC stock opened at $37.73 on Thursday. The stock has a market capitalization of $6.38 billion, a P/E ratio of -3.13 and a beta of 1.84. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.19 and a current ratio of 0.19. Lincoln National has a one year low of $32.59 and a one year high of $76.40. The company has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $48.77.
Institutional Trading of Lincoln National
Lincoln National Company Profile
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities.
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