Buzzing Stock: Webster Financial Corporation (NYSE:WBS)


As per the research groups listed in Thomson Reuters survey, Webster Financial Corporation (NYSE:WBS), the stock can touch mean price target of $36.5000 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.5400 per share in looming quarter and $2.1000 during current fiscal.

Technical Forecast

While evaluating Webster Financial Corporation C on the technical side, it is seen that the firm’s shares price is trading $1.5247 points away or +4.1113% from its 50-day moving average of $37.0854. Further it is trading $2.3589 or +6.5071% away its 200-day moving average of $36.2512. MA here stands for moving average.

Webster Financial Corporation (NYSE:WBS) stock made a high of $40.7200 in last 12-months while the lowest level in same period was $30.0900. It entails if stock price makes a movement of over $-2.1099, it will make a new 52-week high. In the case of +28.3154% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Webster Financial Corporation C is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Webster Financial Corporation (NYSE:WBS) P/E ratio is 18.2986. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Webster Financial Corporation C it stands at 2.3000.

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