Wedbush disclosed Regions Fincl (NYSE:RF), boosting its price target to $12.00 earlier today
- Updated: October 6, 2016
Having a price of $10.32, Regions Fincl (NYSE:RF) traded 0.44% higher on the day. With the last stock price up 13.04% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RF has recorded a 50-day average of $9.78 and a two hundred day average of $9.16. Trade Volume was down over the average, with 5,843,087 shares of RF changing hands under the typical 17,896,800
Reporting a potential upside of 0.16%, Wedbush upped the price target of Regions Fincl (NYSE:RF) to $12.00
Recent Performance Chart
Regions Fincl has PE ratio of 13.03 with a one year low of $7.00 and a one year high of $10.43 and has a market capitalization of $0.
A total of 28 brokerages have issued a ratings update on Regions Fincl. Eight brokerages rating the company a strong buy, seven brokerages rating the company a buy, fourteen brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $9.97.
General Company Details For Regions Fincl (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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