Price Target Update on Synchrony Financial (NYSE:SYF)

Synchrony Financial (NYSE:SYF) : 9 investment research analysts covering Synchrony Financial (NYSE:SYF) have an average price target of $35.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $41 and the lowest target is $29 for the short term. Analysts expect the variance to be within $4.25 of the average price.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Citigroup maintains its rating on Synchrony Financial (NYSE:SYF).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $38 per share to $31 per share. The rating by the firm was issued on June 15, 2016.

Synchrony Financial (NYSE:SYF): stock turned positive on Thursday. Though the stock opened at $25.78, the bulls momentum made the stock top out at $26.04 level for the day. The stock recorded a low of $25.5 and closed the trading day at $26, in the green by 1.96%. The total traded volume for the day was 10,441,151. The stock had closed at $25.5 in the previous days trading.

The company shares have dropped -22.28% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $36.40 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $29.53 and the 200 Day Moving Average price is recorded at $28.88. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Doubles Brian D, officer (See remarks) of Synchrony Financial, had unloaded 1,000 shares at an average price of $30 in a transaction dated on May 24, 2016. The total value of the transaction was worth $30,000.

Synchrony Financial (Synchrony) is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Companys revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit. The Company offers two types of credit cards: private label credit cards and Dual Cards. It offers its credit products through its wholly owned subsidiary, Synchrony Bank (the Bank). Through the Bank, it offers a range of deposit products insured by the Federal Deposit Insurance Corporation (FDIC), including certificates of deposit, individual retirement accounts (IRAs), money market accounts and savings accounts, under its Optimizer+Plus brand.

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