Raymond James analyst David Long maintained a Buy rating on Chemical Financial Corp (NASDAQ: CHFC) today and set a price target of $53. The company’s shares opened today at $45.12, close to its 52-week low of $43.07.
According to TipRanks.com, Long is a 2-star analyst with an average return of 0.4% and a 38.4% success rate. Long covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American River Bankshares, and Huntington Bancshares Inc.
Currently, the analyst consensus on Chemical Financial Corp is a Moderate Buy with an average price target of $58, which is a 28.5% upside from current levels. In a report released today, Stephens also maintained a Buy rating on the stock with a $60 price target.
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The company has a one-year high of $59.83 and a one-year low of $43.07. Currently, Chemical Financial Corp has an average volume of 280.7K.
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Chemical Financial Corp. is a diversified financial holding company, which operates through its subsidiary, Chemical Bank. The bank operates through an internal organizational structure of regional banking units, offering traditional banking, fiduciary products and services to the residents and business customers in its geographical market areas.
