Analyst Ratings Net reported that shares of Signature Bank (SBNY) have received an average rating of “buy” from the 14 ratings firms that are presently covering the company, three equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company.
The average 1-year price target among brokers that have covered the stock in the last year is $151.25.
SBNY has a 52-week low of $101.87 and a 52-week high of $149.65. The stock has a 50-day moving average of $142. and a 200-day moving average of $130. The company has a market cap of $7.57 billion and a price-to-earnings ratio of 23.96.
Analysts at Zacks upgraded shares of SBNY from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research note.
Analysts at Guggenheim raised their price target on shares of SBNY from $155.00 to $165.00 and gave the company a “buy” rating in a research note. Analysts at Barclays raised their price target on shares of SBNY from $149.00 to $158.00 and gave the company an “equal weight” rating in a research note. Analysts at Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of SBNY in a research note.
Read Analyst’s full report here.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!