Investment analysts at Wells Fargo & Company initiated coverage on shares of Brighthouse Financial Inc (NYSE:BHF) in a report issued on Monday, August 7th, Marketbeat.com reports. The firm set a “market perform” rating and a $71.00 price target on the stock. Wells Fargo & Company’s target price suggests a potential upside of 23.59% from the company’s previous close.
A number of other analysts have also commented on the stock. J P Morgan Chase & Co started coverage on shares of Brighthouse Financial in a research note on Monday, July 24th. They set a “neutral” rating and a $78.00 price objective for the company. FBR & Co assumed coverage on Brighthouse Financial in a report on Monday, August 7th. They issued a “market perform” rating and a $72.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on Brighthouse Financial in a research report on Monday, August 7th. They issued a “market perform” rating and a $65.00 price objective for the company. Finally, Royal Bank Of Canada began coverage on Brighthouse Financial in a research report on Monday, August 7th. They issued a “sector perform” rating and a $77.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Brighthouse Financial presently has an average rating of “Hold” and a consensus price target of $71.22.
Shares of Brighthouse Financial (NYSE BHF) traded up 2.64% during midday trading on Monday, hitting $57.45. 2,680,992 shares of the stock were exchanged. The stock’s 50-day moving average price is $53.64 and its 200 day moving average price is $53.64. Brighthouse Financial has a one year low of $11.22 and a one year high of $75.00.
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About Brighthouse Financial
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
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