Lakeland Financial Corp (NASDAQ: LKFN) stock enjoyed a major increase of 11.1% on 11/6/24. The shares closed at $73.94. Moreover, this advance was accompanied by exceptionally high trading volume at 412% of normal. The stock has risen 12.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LKFN is expected to continue to be a Value Builder.
Lakeland Financial has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Financial has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 50, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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