Synalloy Corp Now Covered by Analysts at BB&T Corp. (SYNL)
Equities research analysts at BB&T Corp. began coverage on shares of Synalloy Corp (NASDAQ:SYNL) in a research note issued to investors on Thursday, Analyst Ratings Network.com reports. The firm set a “buy” rating and a $23.00 price target on the stock. BB&T Corp.’s price objective would suggest a potential upside of 42.41% from the stock’s previous close.
Shares of Synalloy Corp (NASDAQ:SYNL) opened at 16.15 on Thursday. Synalloy Corp has a 1-year low of $12.26 and a 1-year high of $17.38. The stock’s 50-day moving average is $16.17 and its 200-day moving average is $15.12. The company has a market cap of $103.1 million and a P/E ratio of 19.91.
Separately, analysts at Sidoti initiated coverage on shares of Synalloy Corp in a research note to investors on Monday. They set a “buy” rating on the stock.
Synalloy Corporation operates in two segments: the Metals Segment and the Specialty Chemicals Segment.
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