Citigroup Sticks to Its Buy Rating for Children’s Place (PLCE)


In a report released today, Kate McShane from Citigroup maintained a Buy rating on Children’s Place (NASDAQ: PLCE), with a price target of $154. The company’s shares opened today at $139.45.

According to TipRanks.com, McShane is a 5-star analyst with an average return of 10.6% and a 68.6% success rate. McShane covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Wal-Mart Stores Inc, and Advance Auto Parts.

Children’s Place has an analyst consensus of Strong Buy, with a price target consensus of $162, representing a 16.2% upside. In a report released today, Monness also upgraded the stock to Buy with a $165 price target.

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The company has a one-year high of $161.65 and a one-year low of $99.90. Currently, Children’s Place has an average volume of 533.7K.

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The Children’s Place, Inc. engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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