Where does Wall Street think shares of the Pebblebrook Hotel Trust (PEB) will go?
Wall Street is neutral on Pebblebrook Hotel Trust (PEB). On average, analysts give PEB a Buy rating. The average price target is $24.571, which means analysts expect the stock to gain 6.37% over the next twelve months. This average ranking earns PEB an analyst rating of 12, which is better than 12% of stocks based on data compiled by InvestorsObserver.
Why are analyst ratings important?
A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.
InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.
What’s going on with Pebblebrook Hotel Trust shares today?
Pebblebrook Hotel Trust (PEB) stock is trading at $23.10 at 11:20 a.m. on Tuesday, March 15, up $0.33, or 1.45% from the previous closing price of 22.77 $. The stock has traded between $22.78 and $23.59 so far today. Today the volume is low. So far, 719,222 shares have been traded with an average volume of 1,442,477 shares. Click here for the full Pebblebrook Hotel Trust stock report.
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