Cambridge Bancorp – Consensus Indicates Potential 9.2% Upside

Broker Ratings

Cambridge Bancorp found using ticker (CATC) now have 3 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 85 and 82.5 and has a mean target at 83.83. Given that the stocks previous close was at 76.77 this would imply there is a potential upside of 9.2%. The 50 day MA is 74.66 and the 200 moving average now moves to 64.5. The company has a market capitalisation of $526m. Visit the company website at: http://www.cambridgetrust.com

Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking and savings accounts, certificates of deposit, money market accounts, individual retirement accounts, and time and demand deposits. Its loan products include residential and commercial real estate loans; home equity lines of credit and term loans; commercial and industrial loans; secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. As of January 27, 2020, the company operated 16 banking offices in Massachusetts and New Hampshire; and wealth management offices in Boston, Massachusetts, as well as in Concord, Manchester, and Portsmouth, New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.

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