On 11/6/24, Peapack-Gladstone Financial Corp (NASDAQ: PGC) stock enjoyed a major increase of 14.7%, closing at $37.57. Moreover, this advance was accompanied by exceptionally high trading volume at 412% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PGC is expected to continue to be a modest Value Builder.
Peapack-Gladstone Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Peapack-Gladstone Financial has a good Appreciation Score of 74 and a very high Power Rating of 86, producing 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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