SVB Financial Group Sets New 1-Year High at $110.80 (SIVB)
SVB Financial Group (NASDAQ:SIVB) set a new 52-week high during mid-day trading on Wednesday, AmericanBankingNews.com reports. The stock traded as high as $110.80 and last traded at $110.40, with a volume of 401,979 shares. The stock had previously closed at $106.09.
A number of research firms have recently commented on SIVB. Analysts at Zacks reiterated a “neutral” rating on shares of SVB Financial Group in a research note to investors on Wednesday, January 15th. They now have a $108.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of SVB Financial Group from $85.00 to $93.00 in a research note to investors on Tuesday, October 29th. They now have a “hold” rating on the stock. Finally, 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, October 28th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $96.33.
SVB Financial Group has a 52-week low of $60.50 and a 52-week high of $106.99. The stock’s 50-day moving average is $102.9 and its 200-day moving average is $93.35. The company has a market cap of $5.095 billion and a price-to-earnings ratio of 23.32.
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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