Synovus (SNV) Gets a Buy Rating from KBW


In a report released yesterday, Brady Gailey from KBW reiterated a Buy rating on Synovus (SNV), with a price target of $49. The company’s shares closed on Friday at $39.79.

Gailey has an average return of 11.2% when recommending Synovus.

According to TipRanks.com, Gailey is ranked #606 out of 5203 analysts.

Currently, the analyst consensus on Synovus is a Moderate Buy with an average price target of $44, representing a 10.6% upside. In a report issued on February 19, Raymond James also reiterated a Buy rating on the stock with a $44 price target.

See today’s analyst top recommended stocks >>

Synovus’ market cap is currently $4.61B and has a P/E ratio of 11.50. The company has a Price to Book ratio of 1.57.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Synovus Financial Corp. is a bank holding company, which engages in the provision of financial services. It offers commercial and retail banking, financial management, insurance, and mortgage services to its customers. The company was founded in 1972 and is headquartered in Columbus, GA.

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