Global Brokerage Inc. (GLBR)

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$FXCM Inc Analyst Rating Update TP $ 6.17

JANUARY 29, 2015 BY JOE WILLAMS
FXCM Inc (NYSE:FXCM) has received a Neutral rating from research analysts at Zacks with a rating of 3. The company has been rated an average of 3.8 by 5 Wall Street Analysts. 3 broker firms see some more upside in the counter and have advised hold. 2 market experts have a negative outlook and rated it as strong sell.FXCM Inc (NYSE:FXCM): The stock price is expected to reach $ 6.17 in the short term. The number of analysts agreeing with this consensus is 3. The higher estimate for the short term price target is at $14 while the lower estimate is at $2. The standard deviation of the price stands at $6.83.

Company has been under the radar of many Wall Street Analysts. Equity analysts at the Brokerage firm Keefe Bruyette & Woods upgrades its rating on FXCM Inc (NYSE:FXCM). The rating major has initiated the coverage with an market perform rating on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The Analysts at Keefe Bruyette & Woods lowers the price target from $4.5 per share to $1.5 per share.

FXCM Inc (NYSE:FXCM) concluded the session 0.42% or 0.01 points higher. The stock registered its first trade at $2.65 and oscillated between $2.65 and $2.38 before closing the day at $2.39. Since the stock failed to latch on to major gains, market participants should watch the counter closely for more signs of weakness. The volume was measured at 17,789,036 shares. The counter had ended the previous trading day at $2.38. The 52-week high of the share price is $17.97 and the 52-week low is $1.28. With close to 47,161,000 shares as outstanding, the counter has a market cap valued at $113 million.
http://stafforddaily.com/fxcm-inc-analyst-rating-update-3/325693/