BMO Capital Markets Increases First Republic Bank Price Target to $53.00 (FRC)
BMO Capital Markets upped their price objective on shares of First Republic Bank (CNYSE:FRC) from $50.00 to $53.00 in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock.
Separately, analysts at Evercore Partners downgraded shares of First Republic Bank from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday.
Shares of First Republic Bank (CNYSE:FRC) traded up 2.15% on Wednesday, hitting $48.40. The stock had a trading volume of 1,904,482 shares. First Republic Bank has a 52 week low of $31.42 and a 52 week high of $47.82. The stock has a 50-day moving average of $46.09 and a 200-day moving average of $41.50. The company has a market cap of $6.384 billion and a P/E ratio of 15.28.
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