On 4/5/24, Kenon Holdings Ltd (NYSE: KEN) stock suffered a major decline of -16.0%, closing at $22.79. Moreover, exceptionally high trading volume at 498% of normal accompanied the decline. The stock has declined -13.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, KEN is expected to be Value Creation neutral.
Kenon Holdings has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kenon Holdings has a slightly negative Appreciation Score of 40 but a slightly positive Power Rating of 61, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative 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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