Webster Financial Corp. Price Target Raised to $35.00 at Boenning Scattergood (WBS)
Equities research analysts at Boenning Scattergood raised their price objective on shares of Webster Financial Corp. (NYSE:WBS) from $28.50 to $35.00 in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Boenning Scattergood’s price target points to a potential upside of 14.30% from the company’s current price.
A number of other firms have also recently commented on WBS. Analysts at Keefe, Bruyette & Woods upgraded shares of Webster Financial Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Deutsche Bank raised their price target on shares of Webster Financial Corp. from $31.00 to $34.00 in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Webster Financial Corp. from $29.00 to $34.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.86.
Webster Financial Corp. (NYSE:WBS) last announced its earnings results on Friday, January 17th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $205.40 million for the quarter, compared to the consensus estimate of $153.13 million. During the same quarter last year, the company posted $0.52 earnings per share.
Webster Financial Corporation (NYSE:WBS) is a bank holding company and financial holding company.
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