Zacks Investment Research disclosed Zions Bancorp (NASDAQ:ZION), hiking its price target to $35.00 earlier today
- Updated: October 3, 2016
Stating a potential upside of 0.13%, Zacks Investment Research increased the price target of Zions Bancorp (NASDAQ:ZION) to $35.00
Previously on 9/05/2016, Vetr Inc. reported on Zions Bancorp (NASDAQ:ZION) increased the target price from $0.00 to $29.00. At the time, this indicated a possible downside of -0.06%.
Yesterday Zions Bancorp (NASDAQ:ZION) traded 0.29% higher at $31.07. The company’s 50-day moving average is $30.06 and its 200-day moving average is $27.33. The last closing price is up 13.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 2,381,492 shares of the stock traded hands, down from an average trading volume of 3,084,780
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Zions Bancorp has a 52 week low of $19.65 and a 52 week high of $31.35 with a P/E ratio of 18.75 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 26 brokers have issued a report on the company. The average stock price target is $29.46 with 5 brokers rating the stock a strong buy, 11 brokers rating the stock a buy, 11 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Zions Bancorp (NASDAQ:ZION)
Zions Bancorporation is a financial holding company. The Company operates through seven segments: Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado and The Commerce Bank of Washington. It focuses on providing community banking services and its core business lines are small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities. It also provides personal banking services, including home mortgages, bankcard, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit, safe deposit facilities, direct deposit, and Internet and mobile banking.
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