Barclays Sticks to Its Buy Rating for Synovus (SNV)
In a report released today, Jared Shaw from Barclays maintained a Buy rating on Synovus, with a price target of $65.00.
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According to TipRanks, Shaw is a 2-star analyst with an average return of 0.0% and a 48.05% success rate. Shaw covers the Financial sector, focusing on stocks such as Associated Banc-Corp, Cadence Bank, and Bank Of Hawaii.
Synovus has an analyst consensus of Moderate Buy, with a price target consensus of $55.67.
Based on Synovus’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $615.39 million and a net profit of $196.99 million. In comparison, last year the company earned a revenue of $925.79 million and had a net profit of $181.56 million
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNV in relation to earlier this year. Last month, Gregory Montana, a Director at SNV bought 1,000.00 shares for a total of $45,370.00.
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