Stock Rating Upgrade
The Value Trend Rating for Globe Life Inc (NYSE: GL) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Globe Life Inc (NYSE: GL) stock closed at $59.09 on 4/12/24 after a major increase of 20.2%. Moreover, exceptionally high trading volume at 1182% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -46.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GL is expected to continue to be a major Value Builder.
Globe Life has a current Value Trend Rating of B (Positive). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Globe Life has a slightly positive Power Rating of 63 and a slightly positive Appreciation Score of 66, triggering the Positive Value Trend Rating.
Be the first to comment