Shore Bancshares Inc (NASDAQ: SHBI) stock closed at $16.43 on 11/6/24 after a major increase of 12.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 439% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 12.5% during the last week.
Current PriceTarget Research Rating
SHBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Shore Bancshares 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. Shore Bancshares has a good Appreciation Score of 73 and a very high Power Rating of 95, and the Highest Value Trend Rating results.
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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