Barclays Remains a Hold on Children’s Place (PLCE)


Barclays analyst Adrienne Tennant maintained a Hold rating on Children’s Place (PLCE) on March 20 and set a price target of $30.00. The company’s shares closed last Monday at $18.25, close to its 52-week low of $9.25.

According to TipRanks.com, Tennant is a 2-star analyst with an average return of -2.2% and a 43.2% success rate. Tennant covers the Services sector, focusing on stocks such as National Vision Holdings, Dick’s Sporting Goods, and Burlington Stores.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Children’s Place with a $34.86 average price target, an 83.1% upside from current levels. In a report issued on March 17, D.A. Davidson also downgraded the stock to Hold with a $30.00 price target.

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Children’s Place’s market cap is currently $264.8M and has a P/E ratio of 3.84. The company has a Price to Book ratio of 1.14.

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The Children’s Place, Inc. engages in the provision of apparel, footwear, accessories, and other items 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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