A statement released earlier today by Barclays PLC about SVB Financial Group (NASDAQ:SIVB) raises the target price to $150.00
- Updated: September 28, 2016
Barclays PLC upped the target price of SVB Financial Group (NASDAQ:SIVB) to $150.00 reporting a possible upside of 0.37%.
Just yesterday SVB Financial Group (NASDAQ:SIVB) traded 1.70% higher at $109.31. SIVB’s 50-day average is $107.20 and its 200-day moving average is $102.78. With the last close up 6.36% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 404,459 shares of SVB Financial Group exchanged hands, down from an avg. volume of 494,986
Recent Performance Chart
SVB Financial Group has a PE ratio of 16.69 with a one year low of $77.87 and a one year high of $141.75 SVB Financial Group’s market capitalization is currently $0.
Also covering SVB Financial Group's price target, a total of 15 brokers have issued a report on the company. The average stock price target is $131.07 with 6 analysts rating the company a strong buy, ten equity analysts rating the company a buy, zero brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell.
About SVB Financial Group (NASDAQ:SIVB)
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments. SVB Private Bank is the private banking division of the Bank, which provides a range of personal financial solutions for consumers. SVB Capital is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in international entrepreneurial markets. The Company offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.
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