A statement released earlier today by Zacks Investment Research about SVB Financial Group (NASDAQ:SIVB) bumps the target price to $132.00
- Updated: October 7, 2016
Zacks Investment Research upped the price target of SVB Financial Group (NASDAQ:SIVB) to $132.00 indicating a possible upside of 0.12%.
Previously on 09/28/2016, Barclays PLC reported on SVB Financial Group (NASDAQ:SIVB) increased the target price from $139.00 to $150.00. At the time, this indicated a possible upside of 0.37%.
Yesterday SVB Financial Group (NASDAQ:SIVB) traded 1.12% higher at $117.57. The company’s 50-day moving average is $109.04 and its 200-day moving average is $103.53. The last closing price is up 14.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 500,944 shares of the stock traded hands, up from an average trading volume of 460,168
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SVB Financial Group has a 52 week low of $77.87 and a 52 week high of $141.75 with a P/E ratio of 18.15 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $131.07 with 6 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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