Stock Rating Downgrade
Recently the Value Trend Rating for Globe Life Inc (NYSE: GL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 4/19/24, Globe Life Inc (NYSE: GL) stock enjoyed a large increase of 2.7%, closing at $66.74. Moreover, this advance was accompanied by above average trading volume at 121% of normal. Relative to the market the stock has been weak over the last nine months but has risen 35.7% during the last week.
Current PriceTarget Research Rating
GL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Globe Life has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Globe Life has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 60, with the High Neutral Value Trend Rating the result.
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