Independent Bank Corp. (NASDAQ: INDB) stock enjoyed a major increase of 15.4% on 11/6/24. The shares closed at $72.93. Moreover, this advance was accompanied by exceptionally high trading volume at 252% of normal. The stock has risen 15.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
INDB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Independent Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Independent Bank has a good Appreciation Score of 80 and a good Power Rating of 81, triggering 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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