On 11/6/24, Community Trust Bancorp Inc (NASDAQ: CTBI) stock enjoyed a major increase of 15.4%, closing at $60.90. Moreover, exceptionally high trading volume at 328% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.6% during the last week.
Current PriceTarget Research Rating
CTBI’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.
Community Trust Bancorp 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. Community Trust Bancorp has a slightly positive Appreciation Score of 64 and a good Power Rating of 84, 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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