Analysts fell to the sidelines weighing in on Regency Centers (NYSE:REG) and Lakeland Bancorp (NASDAQ:LBAI) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Regency Centers (REG)
BMO Capital analyst Jeremy Metz maintained a Hold rating on Regency Centers today and set a price target of $65. The company’s shares opened today at $64.19.
According to TipRanks.com, Metz is a 1-star analyst with an average return of -2.0% and a 46.8% success rate. Metz covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and American Finance Trust Inc.
Regency Centers has an analyst consensus of Moderate Buy, with a price target consensus of $67.83, implying a 5.7% upside from current levels. In a report issued on October 12, Barclays also maintained a Hold rating on the stock with a $63 price target.
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Lakeland Bancorp (LBAI)
Boenning & Scattergood analyst Erik Zwick maintained a Hold rating on Lakeland Bancorp today. The company’s shares opened today at $16.51, close to its 52-week low of $15.58.
Zwick wrote:
“We believe the risk/reward profile is evenly balanced today with shares trading at a slight premium to peers on both a P/E (12.1x 2019E vs. 11.6x) and P/TBV (1.7x vs. 1.6x) basis.”
According to TipRanks.com, Zwick is a 2-star analyst with an average return of -0.1% and a 39.5% success rate. Zwick covers the Financial sector, focusing on stocks such as Provident Financial Services, Bankwell Financial Group, and Community Bank System.
Lakeland Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $21.75.
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