Enterprise Bancorp Inc/MA (NASDAQ: EBTC) stock enjoyed a major increase of 14.2% on 11/6/24. The shares closed at $37.97. Moreover, trading volume in this advance was exceptionally high at 264% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.8% during the last week.
Current PriceTarget Research Rating
EBTC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Enterprise Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Enterprise Bancorp has a slightly positive Appreciation Score of 67 and a good Power Rating of 84, 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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