Synovus Financial (SNV) Receives Price Target

Synovus Financial (SNV) : 9 investment research analysts covering Synovus Financial (SNV) have an average price target of $32.03 for the near short term. The highest target price given by the Brokerage Firm to the stock is $35 and the lowest target is $29 for the short term. Analysts expect the variance to be within $2.1 of the average price.

Synovus Financial (SNV) has an average broker rating of 3.21, which is interpreted as a Hold, as rated by 11 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Brokerage firm Wells Fargo downgrades its rating on Synovus Financial (NYSE:SNV). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on August 23, 2016.

Synovus Financial (NYSE:SNV): The stock opened at $33.21 on Thursday but the bulls could not build on the opening and the stock topped out at $33.32 for the day. The stock traded down to $32.55 during the day, due to lack of any buying support eventually closed down at $32.93 with a loss of -0.45% for the day. The stock had closed at $33.08 on the previous day. The total traded volume was 763,958 shares.

Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services. The Companys commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans.

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