Wedbush announced M&T Bank (NYSE:MTB), bumping up its stock price target to $117.00 today
- Updated: October 6, 2016
Yesterday M&T Bank (NYSE:MTB) traded 0.24% higher at $118.34. The company’s 50-day moving average is $116.61 and its 200-day moving average is $115.88. The last stock close price is up 2.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 494,702 shares of the stock were exchanged, down from an average trading volume of 783,715
In a statement issued on Friday October 07, 2016 Wedbush upped the target price of M&T Bank (NYSE:MTB) to $117.00 reporting a possible downside of -0.01%.
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M&T Bank has a PE ratio of 16.27 with a one year low of $100.08 and a one year high of $127.39 M&T Bank’s market capitalization is presently $0.
A total of 21 analysts have released a report on M&T Bank. zero analysts rating the company a strong buy, four analysts rating the company a buy, twenty-one analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $120.43.
General Company Details For M&T Bank (NYSE:MTB)
M&T Bank Corporation (M&T) is a bank holding company. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T's segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides a range of services to small businesses and professionals. The Commercial Real Estate segment provides credit and deposit services to its customers. The Discretionary Portfolio segment includes investment and trading account securities; residential real estate loans and other assets, and Cayman Islands office deposits. The Residential Mortgage Banking segment primarily originates and services residential mortgage loans. The Retail Banking segment offers a range of retail banking services to consumers.
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