Wedbush Remains a Hold on Children’s Place (PLCE)
Wedbush analyst Jennifer Redding reiterated a Hold rating on Children’s Place (PLCE) on June 12 and set a price target of $45.00. The company’s shares closed last Friday at $47.09.
According to TipRanks.com, Redding is a 3-star analyst with an average return of 3.6% and a 57.1% success rate. Redding covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Abercrombie Fitch, and Urban Outfitters.
The word on The Street in general, suggests a Hold analyst consensus rating for Children’s Place with a $43.75 average price target, representing a -7.6% downside. In a report issued on June 9, Barclays also maintained a Hold rating on the stock with a $55.00 price target.
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The company has a one-year high of $102.55 and a one-year low of $9.25. Currently, Children’s Place has an average volume of 1.21M.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLCE in relation to earlier this year.
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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.