Huntington Bancshares Coverage Initiated at Janney Montgomery Scott (HBAN)
Investment analysts at Janney Montgomery Scott started coverage on shares of Huntington Bancshares (NASDAQ:HBAN) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Huntington Bancshares (NASDAQ:HBAN) traded up 1.03% on Tuesday, hitting $9.77. 8,115,710 shares of the company’s stock traded hands. Huntington Bancshares has a 52 week low of $6.61 and a 52 week high of $9.87. The stock’s 50-day moving average is $9.46 and its 200-day moving average is $8.7. The company has a market cap of $8.114 billion and a P/E ratio of 13.25.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. They now have a $11.00 price target on the stock, up previously from $9.00. Separately, analysts at Guggenheim raised their price target on shares of Huntington Bancshares from $9.50 to $10.00 in a research note to investors on Tuesday, December 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Huntington Bancshares in a research note to investors on Friday, November 8th. They now have a $9.00 price target on the stock. Seventeen equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.69.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a multi-state diversified regional bank holding company.
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