Jefferies & Co downgraded Regions Financial (NYSE:RF) from Buy to Hold in a report released today.
- Updated: November 28, 2016
Jefferies & Co has downgraded Regions Financial (NYSE:RF) from Buy to Hold in a report released on Monday November 28, 2016.
Yesterday Regions Financial (NYSE:RF) traded -1.39% lower at $13.13. The company’s 50-day moving average is $11.34 and its 200-day moving average is $9.86. The last closing price is up 33.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 6,389,660 shares of the stock traded hands, down from an average trading volume of 21,306,100
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Regions Financial has a 52 week low of $7.00 and a 52 week high of $13.54 with a P/E ratio of 15.48 The company’s market cap is currently $0.
In addition to Jefferies & Co reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target is $9.97 with 8 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 14 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Regions Financial (NYSE:RF)
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. It operates in three segments: Corporate Bank, which represents its commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships, and Wealth Management, which offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to enable transfer of wealth. It provides traditional commercial, retail and mortgage banking services, as well as other financial services.
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