Citigroup Rating Update on Morgan Stanley (NYSE:MS)

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Brokerage firm Citigroup maintains its rating on Morgan Stanley (NYSE:MS). As per the information, the brokerage house raises the price target to $39 per share from a prior target of $37. The shares have been rated Neutral. The rating by the firm was issued on July 13, 2015.

Morgan Stanley (NYSE:MS) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 2.29 by 14 Wall Street Analysts. 5 analysts have added the shares in their list of strong buys. 9 analysts have advised hold.

Morgan Stanley (NYSE:MS): According to 11 Analysts, The short term target price has been estimated at $ 39.73.The target price could deviate by a maximum of $4.08 from the forecast price. In the near term, the target price could hit a high of $48 and a low of $ 35.

Shares of Morgan Stanley (NYSE:MS) ended Monday session in red amid volatile trading. The shares closed down 0.16 points or 0.4% at $40.04 with 15,141,829 shares getting traded. Post opening the session at $40.9, the shares hit an intraday low of $39.9 and an intraday high of $41.04 and the price vacillated in this range throughout the day. The company has a market cap of $ 78,880 million and the number of outstanding shares have been calculated to be 1,970,027,000 shares. The 52-week high of Morgan Stanley (NYSE:MS) is $ 40.26 and the 52-week low is $ 31.1224.

Shares of Morgan Stanley rose by 1.83% in the last five trading days and 0.63% for the last 4 weeks. Morgan Stanley is up 8.77% in the last 3-month period. Year-to-Date the stock performance stands at 3.92%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Nicolaisen Donald T, Director of Morgan Stanley, unloaded 4,160 shares at an average price of $37.77 on May 26, 2015. The total amount of the transaction was worth $ 157,123, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. The Company is a financial holding company. The Company operates in three segments: Institutional Securities, Global Wealth Management Group and Asset Management. The Company provides financial advisory and capital-raising services to a group of corporate and other institutional clients worldwide. The Companys Asset Management business segment offers clients an array of equity, fixed income and alternative investments and merchant banking services. On May 12, 2014, MSCI Inc completed the repurchase of the Companys entire share capital from Morgan Stanley. In June 2014, Galileo Japan Trust announced that Morgan Stanley and its subsidiaries has ceased to be the substantial holder of the Company.

(Source by: insidertradingreport.org)