Webster Financial Corp (NYSE: WBS) stock closed at $60.11 on 11/6/24 after a major increase of 18.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 353% of normal. The stock has risen 15.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WBS is expected to continue to be a Value Builder.
Webster Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Webster Financial has a neutral Power Rating of 56 but a very high Appreciation Score of 90, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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