WesBanco Rating Lowered to Neutral at Zacks (WSBC)
WesBanco (NASDAQ:WSBC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, American Banking and Market News reports. They currently have a $34.60 target price on the stock. Zacks‘ price target indicates a potential upside of 10.30% from the stock’s previous close.
A number of other analysts have also recently weighed in on WSBC. Analysts at Janney Montgomery Scott raised their price target on shares of WesBanco from $32.00 to $33.00 in a research note to investors on Friday, September 20th. They now have a “buy” rating on the stock. Separately, analysts at Guggenheim initiated coverage on shares of WesBanco in a research note to investors on Thursday, September 12th. They set a “neutral” rating and a $33.50 price target on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of WesBanco in a research note to investors on Wednesday, August 21st. They set a “market perform” rating and a $33.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.42.
Shares of WesBanco (NASDAQ:WSBC) traded up 0.35% during mid-day trading on Tuesday, hitting $31.48. The stock had a trading volume of 14,230 shares. WesBanco has a 52-week low of $19.75 and a 52-week high of $31.86. The stock’s 50-day moving average is $29.6 and its 200-day moving average is $27.39. The company has a market cap of $921.8 million and a P/E ratio of 15.10.
WesBanco, Inc (NASDAQ:WSBC) is a bank holding company.
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