Scully Royalty Ltd (NYSE: SRL) stock closed at $7.30 on 1/4/24 after a major increase of 10.4%. Moreover, trading volume in this advance was exceptionally high at 697% of normal. Relative to the market the stock has been weak over the last nine months but has risen 21.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, SRL is expected to continue to be Value Creation neutral.
Scully Royalty has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Scully Royalty has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 32, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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