On 3/4/24, BGC Partners Inc (NASDAQ: BGCP) stock enjoyed a major increase of 14.6%, closing at $8.14. Moreover, trading volume in this advance was exceptionally high at 826% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 15.0% during the last week.
Current PriceTarget Research Rating
BGCP’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.
BGC Partners has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. BGC Partners has a neutral Appreciation Score of 52 but a very high Power Rating of 96, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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