Forex Broker in Schieflage

Research analysts at Keefe, Bruyette & Woods set a $4.50 price objective on shares of FXCM (NASDAQ:FXCM) stock in a report released on Tuesday. The firm currently has a an “underperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 181.25% from the company’s current price.

The analysts wrote, “After being halted all day Friday following the $225 mln potential loss announcement, FXCM announced just on market close that Leucadia would provide a two-year, 10% term loan for $300 million that would enable FXCM to get back to normal operations. This is a good outcome, in our view, considering what might have happened had FXCM not executed this quickly. We lower our estimates to reflect our preliminary thoughts on earnings power with the new debt and potentially lower customer activity. We lower our 12-month PT to $4.50 from $10.”

A number of other firms have also recently commented on FXCM. Analysts at Raymond James downgraded shares of FXCM from an “outperform” rating to an “underperform” rating in a research note on Friday, January 16th. Analysts at Credit Suisse downgraded shares of FXCM from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $4.00 in a research note on Friday, January 16th. Finally, analysts at Citigroup Inc. downgraded shares of FXCM from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $17.00 to $5.00 in a research note on Friday, January 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. FXCM currently has an average rating of “Hold” and an average price target of $10.88.