Wedbush announced Synchrony Financial (NYSE:SYF), bumping up its stock price target to $31.00 today
- Updated: October 10, 2016
Just yesterday Synchrony Financial (NYSE:SYF) traded 0.00% even at $26.73. Synchrony Financial’s 50-day moving average is $27.29 and its 200-day moving average is $28.25. The last closing price is down -5.37% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 0 shares of SYF traded hands, down from an average trading volume of 6,531,070
In a report released on Tuesday October 11, 2016 Wedbush increased the stock price target of Synchrony Financial (NYSE:SYF) to $31.00 reporting a possible upside of 0.16%.
Recent Performance Chart
Synchrony Financial has 52 week low of $23.25 and a 52 week high of $34.60 with a PE ratio of 10.20 and has a market capitalization of $0.
In addition to Wedbush reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $37.29 with 6 brokers rating the stock a strong buy, 13 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Synchrony Financial (NYSE:SYF)
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company's revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. It offers its credit products through its subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts. The Company offers three types of credit products: credit cards, commercial credit products and consumer installment loans. The Company also offers a debt cancellation product. It offers two types of credit cards: private label credit cards and Dual Cards.
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