Jefferies Group Increases SVB Financial Group Price Target to $93.00 (SIVB)
Jefferies Group upped their price target on shares of SVB Financial Group (NASDAQ:SIVB) from $85.00 to $93.00 in a research note issued on Tuesday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential downside of 3.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of SVB Financial Group from $100.00 to $110.00 in a research note to investors on Monday. Separately, analysts at Sandler O’Neill raised their price target on shares of SVB Financial Group from $92.00 to $96.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of SVB Financial Group from $95.00 to $105.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $95.00.
SVB Financial Group (NASDAQ:SIVB) traded down 1.10% on Tuesday, hitting $96.69. The stock had a trading volume of 272,015 shares. SVB Financial Group has a 52 week low of $52.40 and a 52 week high of $91.46. The stock has a 50-day moving average of $86.20 and a 200-day moving average of $77.62. The company has a market cap of $4.410 billion and a price-to-earnings ratio of 21.49.
SVB Financial Group (NASDAQ:SIVB) last released its earnings data on Thursday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.44 by $0.02. During the same quarter last year, the company posted $0.94 earnings per share. On average, analysts predict that SVB Financial Group will post $4.48 earnings per share for the current fiscal year.
SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and financial holding company.
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