The Childrens Place Inc (NASDAQ: PLCE) stock closed at $22.62 on 11/29/23 after a major increase of 11.3%. Moreover, above average trading volume at 141% of normal accompanied the advance. The stock has risen 17.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PLCE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Childrens Place has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Childrens Place has a neutral Appreciation Score of 57 but a poor Power Rating of 23, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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