Analysts Are Neutral on These Financial Stocks: IBKR, FRC

By Ryan Adsit

Analysts fell to the sidelines weighing in on Interactive Brokers (NASDAQ: IBKR) and First Republic Bank (NYSE: FRC) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Interactive Brokers (NASDAQ: IBKR)

KBW analyst Kyle Voigt reiterated a Hold rating on Interactive Brokers (NASDAQ: IBKR) yesterday and set a price target of $38. The company’s shares closed yesterday at $35.25.

According to TipRanks.com, Voigt is a 4-star analyst with an average return of 17.4% and a 85.2% success rate. Voigt covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Gain Capital Holdings, and Marketaxess Holdings.

Interactive Brokers has an analyst consensus of Moderate Sell, with a price target consensus of $38.

First Republic Bank (NYSE: FRC)

KBW analyst Melissa Roberts reiterated a Hold rating on First Republic Bank (NYSE: FRC) yesterday and set a price target of $90. The company’s shares closed yesterday at $93.23, close to its 52-week high of $97.43.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 1.3% and a 51.5% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Currently, the analyst consensus on First Republic Bank is Moderate Buy and the average price target is $100.50, representing a 7.8% upside.

In a report issued on May 17, RBC Capital also reiterated a Hold rating on the stock with a $98 price target.

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