Carter Bank and Trust (NASDAQ:CARE) was upgraded by BTIG Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, 24/7 WallStreet reports. The firm presently has a $13.00 target price on the stock. BTIG Research’s price objective indicates a potential downside of 32.01% from the stock’s current price.
CARE has been the topic of several other reports. Zacks Investment Research upgraded Carter Bank and Trust from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, August 9th. DA Davidson restated a “neutral” rating on shares of Carter Bank and Trust in a report on Monday, July 22nd.
CARE stock opened at $19.12 on Wednesday. The business’s 50-day simple moving average is $19.50. Carter Bank and Trust has a 1-year low of $14.45 and a 1-year high of $21.14.
Carter Bank and Trust Company Profile
Carter Bank & Trust provides a range of retail and commercial banking products and services in Virginia and North Carolina. It accepts checking, savings, retirement, and money market accounts, as well as longer-term certificates of deposit. The company also offers loans, such as secured and unsecured commercial loans; secured and unsecured consumer loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans.
Featured Article: What are the economic characteristics of a bear market?
Receive News & Ratings for Carter Bank and Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter Bank and Trust and related companies with MarketBeat.com's FREE daily email newsletter.