Webster Financial Rating Lowered to Outperform at Raymond James (WBS)
Webster Financial (NASDAQ:WBS) was downgraded by analysts at Raymond James to an “outperform” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports.
Webster Financial (NASDAQ:WBS) traded up 0.03% during mid-day trading on Wednesday, hitting $32.04. 688,005 shares of the company’s stock traded hands. Webster Financial has a 52 week low of $21.82 and a 52 week high of $32.67. The stock has a 50-day moving average of $30.16 and a 200-day moving average of $27.86. The company has a market cap of $2.895 billion and a P/E ratio of 16.59.
WBS has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of Webster Financial to an “outperform” rating in a research note to investors on Tuesday. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $29.33.
Webster Financial Corporation (NASDAQ:WBS) is a bank holding and financial holding company.
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