In a report released yesterday, Mark Devries from Barclays maintained a Hold rating on Synchrony Financial (SYF), with a price target of $20.00. The company’s shares closed last Monday at $17.46, close to its 52-week low of $16.10.
According to TipRanks.com, Devries is a 3-star analyst with an average return of 0.6% and a 54.2% success rate. Devries covers the Financial sector, focusing on stocks such as Discover Financial Services, First American Financial, and ARMOUR Residential REIT.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synchrony Financial with a $36.20 average price target, representing a 96.5% upside. In a report issued on March 2, Morgan Stanley also maintained a Hold rating on the stock with a $36.00 price target.
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Synchrony Financial’s market cap is currently $10.71B and has a P/E ratio of 3.15. The company has a Price to Book ratio of 0.75.
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Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products.
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