Townebank (NASDAQ: TOWN) stock enjoyed a major increase of 11.9% on 11/6/24. The shares closed at $36.29. Moreover, trading volume in this advance was exceptionally high at 389% of normal. The stock has risen 11.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TOWN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Townebank 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 consistent signals. Townebank has a good Appreciation Score of 73 and a very high Power Rating of 95, with the Highest Value Trend Rating the result.
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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