Brighthouse Financial Inc (BHF) Receives Average Rating of “Hold” from Brokerages
Shares of Brighthouse Financial Inc (NYSE:BHF) have received an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $69.45.
Several research analysts have recently weighed in on the stock. Sandler O’Neill assumed coverage on shares of Brighthouse Financial in a report on Tuesday, September 5th. They set a “hold” rating and a $60.00 price objective for the company. Royal Bank Of Canada assumed coverage on shares of Brighthouse Financial in a report on Monday, August 7th. They set a “sector perform” rating and a $77.00 price objective for the company. Wells Fargo & Company reissued a “hold” rating and set a $64.00 price objective on shares of Brighthouse Financial in a report on Tuesday, August 15th. Keefe, Bruyette & Woods started coverage on shares of Brighthouse Financial in a report on Monday, August 7th. They set a “market perform” rating and a $65.00 price objective for the company. Finally, Morgan Stanley started coverage on shares of Brighthouse Financial in a report on Monday, August 14th. They set an “equal weight” rating and a $74.00 target price for the company.
Shares of Brighthouse Financial (BHF) opened at 58.71 on Tuesday. Brighthouse Financial has a 52 week low of $52.75 and a 52 week high of $75.00. The stock’s 50 day moving average is $57.40 and its 200 day moving average is $54.50.
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In other Brighthouse Financial news, Director C Edward Chaplin bought 2,000 shares of Brighthouse Financial stock in a transaction on Wednesday, September 13th. The stock was acquired at an average cost of $55.03 per share, with a total value of $110,060.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $110,060. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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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