Webster Financial Stock Rating Upgraded by Keefe, Bruyette & Woods (WBS)
Webster Financial (NASDAQ:WBS) was upgraded by equities researchers at Keefe, Bruyette & Woods to an “outperform” rating in a research report issued on Tuesday, AnalystRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Webster Financial from $30.00 to $35.00 in a research note to investors on Tuesday, January 14th. Analysts at Sterne Agee downgraded shares of Webster Financial from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Webster Financial currently has an average rating of “Buy” and an average target price of $29.50.
Shares of Webster Financial (NASDAQ:WBS) traded up 0.91% on Tuesday, hitting $32.03. The stock had a trading volume of 924,581 shares. Webster Financial has a 52-week low of $21.82 and a 52-week high of $32.22. The stock has a 50-day moving average of $30.06 and a 200-day moving average of $27.80. The company has a market cap of $2.894 billion and a P/E ratio of 16.44.
Webster Financial Corporation (NASDAQ:WBS) is a bank holding and financial holding company.
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