BidaskClub Downgrades Childrens Place (PLCE) to Buy
Childrens Place (NASDAQ:PLCE) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.
A number of other analysts have also weighed in on the stock. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Chardan Capital restated a “buy” rating and set a $156.00 price objective (up from $130.00) on shares of Childrens Place in a research note on Wednesday, January 10th. SunTrust Banks raised their price objective on shares of Childrens Place to $157.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Telsey Advisory Group raised their price target on shares of Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets set a $130.00 price target on shares of Childrens Place and gave the company a “hold” rating in a report on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Childrens Place presently has an average rating of “Buy” and an average target price of $139.15.
Childrens Place (PLCE) traded down $5.35 during trading hours on Wednesday, reaching $143.80. 296,300 shares of the company’s stock were exchanged, compared to its average volume of 396,336. The company has a market cap of $2,594.54, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.84 and a beta of 0.23. Childrens Place has a 1-year low of $94.95 and a 1-year high of $161.65.
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About Childrens Place
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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