Synovus Financial Corp. with ticker code (SNV) have now 15 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 67 and 56.5 calculating the mean target price we have 61. Given that the stocks previous close was at 49.85 this would indicate that there is a potential upside of 22.4%. The 50 day moving average now sits at 50.7 and the 200 moving average now moves to 46.5. The company has a market cap of $7,280m. Visit the company website at: https://www.synovus.com
The potential market cap would be $8,909m based on the market concensus.
Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and retail banking products and services. It operates through three segments: Community Banking, Wholesale Banking, and Financial Management Services. The company’s commercial banking services lude treasury management, asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its retail banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, luding portfolio management for fixed-ome securities, investment banking, execution of securities transactions as a broker/dealer, and financial planning services, as well as provides individual investment advice on equity and other securities. As of December 31, 2020, it operated through 289 branches and 389 ATMs in Alabama, Florida, Georgia, South Carolina, and Tennessee. The company was founded in 1888 and is headquartered in Columbus, Georgia.
