The First Bancorp Inc/ME (NASDAQ: FNLC) stock enjoyed a major increase of 16.6% on 11/6/24. The shares closed at $31.02. Moreover, this advance was accompanied by exceptionally high trading volume at 441% of normal. The stock has risen 17.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FNLC is expected to continue to be a Value Builder.
First Bancorp has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Bancorp has a slightly positive Appreciation Score of 64 and a good Power Rating of 76, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment