SVB Financial Group PT Raised to $105.00 (SIVB)
Stock analysts at Barclays raised their price target on shares of SVB Financial Group (NASDAQ:SIVB) from $96.00 to $105.00 in a report issued on Friday, Stock Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective suggests a potential downside of 4.77% from the company’s current price.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 4.65% on Friday, hitting $115.392. The stock had a trading volume of 622,781 shares. SVB Financial Group has a 52 week low of $60.76 and a 52 week high of $111.70. The stock’s 50-day moving average is $103.4 and its 200-day moving average is $93.49. The company has a market cap of $5.269 billion and a price-to-earnings ratio of 24.24.
SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.17. During the same quarter last year, the company posted $1.12 earnings per share. Analysts expect that SVB Financial Group will post $4.52 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners upgraded shares of SVB Financial Group from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. SVB Financial Group has a consensus rating of “Hold” and a consensus price target of $97.08.
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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