Monness Reaffirms Their Buy Rating on Children’s Place (PLCE)
In a report released today, Jim Chartier from Monness maintained a Buy rating on Children’s Place (PLCE), with a price target of $105. The company’s shares closed last Monday at $81.97, close to its 52-week low of $70.43.
According to TipRanks.com, Chartier is ranked #3569 out of 5261 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Children’s Place with a $111.86 average price target, representing a 47.0% upside. In a report issued on August 15, Deutsche Bank also upgraded the stock to Buy.
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The company has a one-year high of $160.23 and a one-year low of $70.43. Currently, Children’s Place has an average volume of 734.4K.
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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.