Analyst Price Target is $54.50
▲ +1.70% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Chemung Financial in the last 3 months. The average price target is $54.50, with a high forecast of $59.00 and a low forecast of $50.00. The average price target represents a 1.70% upside from the last price of $53.59.
Current Consensus is
Reduce
The current consensus among 4 investment analysts is to reduce stock in Chemung Financial. This rating changed within the last month from a Hold consensus rating.
Chemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial and residential mortgage loans; and consumer loans, including home equity lines of credit and home equity term loans. In addition, the company provides interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund, brokerage, and tax preparation services. Further, it offers guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
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