The Childrens Place Inc (NASDAQ: PLCE) stock closed at $7.72 on 5/2/24 after a major increase of 14.9%. NORMAL trading volume accompanied the advance. The stock has risen 7.7% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PLCE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Childrens Place has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Childrens Place has a good Appreciation Score of 81 but a very low Power Rating of 0, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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