The research analysts at StockNews.com have begun covering Webster Financial, as was disclosed in a report that was made public on Thursday.
The corporation recommended to its shareholders that they keep their current “hold” position in the stock of the company that provides financial services.
On the 26th of January, Webster Financial (NYSE:WBS) shared its most recent quarterly earnings report with the investing community.
The financial services company’s quarterly earnings per share came in at $1.60, which was $0.06 less than the
anded its client base by taking on Webster Financial as a new customer as part of its coverage expansion.
The financial experts have given the company an “overweight” rating, and they anticipate that the stock will reach a price of $70.00 in the near future. JPMorgan Chase & Co lowered their price objective on Webster Financial shares from $56.00 to $50.00 and downgraded the company’s rating from “neutral” to “underweight” in a report that was published on Tuesday, December 13th.
The stock has been assigned a buy recommendation by three analysts, while the hold rating has been maintained by four others in the analyst community.
According to Bloomberg, the stock is currently rated as having a consensus rating of “Hold,” and the current price target that analysts have set for the stock has an average value of $59.78.
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