Independent Bank Corp (NASDAQ: IBCP) stock closed at $38.18 on 11/6/24 after a major increase of 15.1%. Moreover, trading volume in this advance was exceptionally high at 311% of normal. The stock has risen 15.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
IBCP’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Independent Bank has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Independent Bank has a slightly positive Appreciation Score of 64 and a very high Power Rating of 88, leading to 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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