SVB Financial Group Stock Rating Reaffirmed by Jefferies Group (SIVB)
SVB Financial Group (NASDAQ:SIVB)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a report released on Friday. They currently have a $123.00 price target on the stock, up from their previous price target of $121.00. Jefferies Group’s price objective points to a potential upside of 10.25% from the company’s current price.
SIVB has been the subject of a number of other recent research reports. Analysts at Sandler O’Neill upgraded shares of SVB Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 10th. They now have a $130.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of SVB Financial Group from $118.00 to $128.00 in a research note on Wednesday, July 9th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks downgraded shares of SVB Financial Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $123.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.64.
SVB Financial Group (NASDAQ:SIVB) traded down 0.12% on Friday, hitting $111.56. The stock had a trading volume of 578,416 shares. SVB Financial Group has a one year low of $79.54 and a one year high of $135.00. The stock’s 50-day moving average is $114.2 and its 200-day moving average is $114.2. The company has a market cap of $5.136 billion and a price-to-earnings ratio of 19.42.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.16. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, analysts predict that SVB Financial Group will post $5.36 earnings per share for the current fiscal year.
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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