Mizuho Maintains The Children’s Place (NASDAQ:PLCE) As a Buy; They Now Have a Target Price per Share Of $60.0


The Children’s Place (NASDAQ:PLCE) Rating Reaffirmed

New York: In a note shared with investors and clients on Friday, 4 December, Mizuho kept steady their Buy rating on The Children’s Place (NASDAQ:PLCE) shares. They now have a $60.0 target price per share on the company. Mizuho’s target would now indicate a potential upside of 21.11% from the company’s last stock close price.

From a total of 14 analysts covering Children’s Place (NASDAQ:PLCE) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $76 while the lowest target price is $46. The mean of all analyst targets is $64.21 with a 36.60% above today’s ($49.54) stock price. Children’s Place was the topic of 6 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on October 27 to “Underperform” rating. Wolfe Research initiated shares with “Outperform” rating and $67 target share price in a report from an August 18. Susquehanna upgraded PLCE stock in a recent report from August 26 to “Positive” rating. Finally, Zacks upgraded the stock to “Hold” rating in a report issued on an August 14.

The stock decreased 0.76% or $0.38 on December 3, striking $49.54. Approximately shares of stock traded hands. Childrens Place Inc (NASDAQ:PLCE) has declined 20.28% since May 1, 2015 and is downtrending. It has underperformed by 17.49% the S&P500.

The Children’s Place, Inc. is a pure-play children’s specialty apparel retailer in North America. The company has a market cap of $1.01 billion. The Firm sells apparel, accessories, footwear and other items for children in sizes 0 to 14. It has 19.39 P/E ratio. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International.

According to Zacks Investment Research, “The Children’s Place Retail Stores, Inc. is a growing specialty retailer of apparel and accessories for children from newborn to twelve years of age. The company designs, sources and markets the products under the proprietary The Children’s Place brand name for sale exclusively in the stores. The merchandising objective is to provide the customers with high-quality, fashionable products at prices that represent substantial value relative to the competitors.” Get a free copy of the Zacks research report on Childrens Place Inc (PLCE).