Western New England Bancorp (WNEB) Stock Forecast & Price Target

$8.71

-0.05 (-0.57%)

(As of 09/6/2024 ET)

Western New England Bancorp - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Western New England Bancorp in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 4 have given a hold rating for WNEB.

Consensus Price Target

$8.00
-8.15% Downside

High Forecast	$8.50
Average Forecast	$8.00
Low Forecast	$7.50

According to the 4 analysts' twelve-month price targets for Western New England Bancorp, the average price target is $8.00. The highest price target for WNEB is $8.50, while the lowest price target for WNEB is $7.50. The average price target represents a forecasted downside of -8.15% from the current price of $8.71.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$8.00	$8.00	$7.50	$8.50
Forecasted Upside	-8.15% Downside	4.58% Upside	12.44% Upside	0.06% Upside

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WNEB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WNEB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Western New England Bancorp Stock vs. The Competition

Type	Western New England Bancorp	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-8.15% Downside	35.39% Upside	11.36% Upside
News Sentiment Rating	Very Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Janney Montgomery Scott 2 of 5 stars		Downgrade	Buy ➝ Neutral
7/24/2024	Seaport Res Ptn 1 of 5 stars	L. Hunsicker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/24/2024	Piper Sandler 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$7.00 ➝ $8.50	+0.59%
10/25/2023	Hovde Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$7.50	+9.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:24 PM ET.

WNEB Forecast - Frequently Asked Questions

What is Western New England Bancorp's forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Western New England Bancorp is $8.00, with a high forecast of $8.50 and a low forecast of $7.50.
Should I buy or sell Western New England Bancorp stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western New England Bancorp in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WNEB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WNEB, but not buy additional shares or sell existing shares.
Does Western New England Bancorp's stock price have much upside?: According to analysts, Western New England Bancorp's stock has a predicted upside of 4.58% based on their 12-month stock forecasts.
Has Western New England Bancorp been downgraded by Wall Street analysts recently?: Over the previous 90 days, Western New England Bancorp's stock had 2 downgrades by analysts.
What analysts cover Western New England Bancorp?: Western New England Bancorp has been rated by research analysts at Janney Montgomery Scott, Piper Sandler, and Seaport Res Ptn in the past 90 days.
Do Wall Street analysts like Western New England Bancorp more than its competitors?: Analysts like Western New England Bancorp less than other "finance" companies. The consensus rating score for Western New England Bancorp is 2.00 while the average consensus rating score for "finance" companies is 2.46. Learn more on how WNEB compares to other companies.