On 11/17/23, The Childrens Place Inc (NASDAQ: PLCE) stock suffered a major decline of -10.9%, closing at $19.11. The stock has declined -21.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PLCE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Childrens Place has a current Value Trend Rating of D (Negative). This VT Rating improved modestly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Childrens Place has a neutral Appreciation Score of 59 but a poor Power Rating of 22, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment