Washington Trust Bancorp (WASH) Stock Forecast & Price Target

$32.63

+0.16 (+0.49%)

(As of 07/26/2024 ET)

Washington Trust 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 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for Washington Trust Bancorp in the last 12 months, the stock has a consensus rating of "Hold." Out of the 1 analysts, 1 has given a hold rating for WASH.

Consensus Price Target

N/A

According to the 1 analysts' twelve-month price targets for Washington Trust Bancorp,

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Reduce	Reduce	Reduce
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)	0 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$51.00
Forecasted Upside	N/A	N/A	N/A	4.95% Upside

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WASH 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.

WASH 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.

Washington Trust Bancorp Stock vs. The Competition

Type	Washington Trust Bancorp	Finance Companies	S&P 500
Consensus Rating Score	2.00	2.44	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside		35.47% Upside	9.17% Upside
News Sentiment Rating	Positive News	Neutral 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
1/31/2024	Seaport Res Ptn 1 of 5 stars	L. Hunsicker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
7/25/2023	Piper Sandler 2 of 5 stars		Downgrade	Neutral ➝ Underweight
10/25/2022	Compass Point 4 of 5 stars		Downgrade	Buy ➝ Neutral	$60.00 ➝ $49.00	+0.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:00 AM ET.

WASH Forecast - Frequently Asked Questions

Should I buy or sell Washington Trust Bancorp stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last year. There is currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WASH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WASH, but not buy additional shares or sell existing shares.
Do Wall Street analysts like Washington Trust Bancorp more than its competitors?: Analysts like Washington Trust Bancorp less than other "finance" companies. The consensus rating score for Washington Trust Bancorp is 2.00 while the average consensus rating score for "finance" companies is 2.44. Learn more on how WASH compares to other companies.