Synovus (NYSE:SNV) Rating Reconfirmed
Barclays have a $53.0 target price per share on the stock. The target price per share would indicate a potential upside of 13.13 % from Synovus (NYSE:SNV)’s stock close price. This rating was revealed to clients and investors in a report on Tuesday, 2 January.
NYSE:SNV is currently trading 0.39% higher at $43.95 as of 10:05 AM New York time. Synovus’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has gained 6.00% over the same time.
According to data compiled by Thomson Reuters, Synovus (NYSE:SNV)’s stock is covered by 18 equity analysts across the Street, with 3 analysts giving it a Sell rating, 9 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $32.19, which reflects an downside potential of 26.76% over the current price.
Synovus (NYSE:SNV) Profile
Synovus Financial Corp. is a financial services company and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services, to its customers through locally branded banking divisions of its subsidiary bank, Synovus Bank (the Bank), and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. The Bank offers commercial banking services and retail banking services.
Synovus (NYSE:SNV) traded up 0.39% on 2 January, hitting $43.95. A total of 381,774 shares of the company’s stock traded hands. This is down from average of 713,938 shares. Synovus has a 52 week low of $31.41 and a 52 week high of $45.38. The company has a market cap of $5.34B and a P/E ratio of 19.95.
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The post Analysts at Barclays Reiterate their Equal Weight rating for Synovus (NYSE:SNV) with $53.0 Price Objective appeared first on Octafinance.