M&T Bank Corp. Receives New Coverage from Analysts at Janney Montgomery Scott (MTB)
Equities research analysts at Janney Montgomery Scott initiated coverage on shares of M&T Bank Corp. (NYSE:MTB) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of M&T Bank Corp. (NYSE:MTB) traded up 0.39% during mid-day trading on Tuesday, hitting $114.80. 834,211 shares of the company’s stock traded hands. M&T Bank Corp. has a one year low of $95.68 and a one year high of $119.54. The stock has a 50-day moving average of $114.9 and a 200-day moving average of $114.7. The company has a market cap of $14.952 billion and a price-to-earnings ratio of 12.98.
A number of other firms have also recently commented on MTB. Analysts at Barclays upgraded shares of M&T Bank Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, January 6th. They now have a $135.00 price target on the stock, up previously from $125.00. Separately, analysts at BMO Capital Markets cut their price target on shares of M&T Bank Corp. to $115.00 in a research note to investors on Wednesday, December 18th. They now have a “market perform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of M&T Bank Corp. from $113.00 to $116.00 in a research note to investors on Wednesday, December 18th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $122.78.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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