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Barclays’ investment analysts hiked the price target of Children’s Place (NASDAQ:PLCE) from $18.00 to $26.00, reports The Fly. A report was sent to the investors and clients on Wednesday mentioning the same. 

About Other Price Targets of NASDAQ:PLCE

The new target price of Barclay points out that it has come down 10.47% as compared to the company’s last close.  Several types of research have opted for PLCE as the research topic. On 17th September, in a research note, Children’s Place was upgraded from a ‘sell’ rating to a ‘hold rating. On 12th June, Deutsche Bank upped Childrens Place’s price target from $44.00 to $55.00.

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Citigroup brought down the price target of Childrens Place (NASDAQ:PLCE) from $46.00 to $20.00. It also gave a ‘neutral’ rating to the store in a research report on 26th August. 

A price target of $26.00 was set by the USB group on Childrens Place and a ‘neutral rating’ was given on 12th August. 

Monness Crespi & Hardt reduced the price objective on the shares of Children’s Place from $55.00 to $35.00 on 26th August via a research report. The company set a ‘buy’ rating for Childrens Place.

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When put together, Childrens Place (NASDAQ:PLCE) received a ‘sell’ rating from one research analyst, a ‘hold’ rating from seven research analysts, four ‘buy’ ratings, and one strong ‘buy’ rating. Childrens Place has a consensus ‘hold’ rating and an average price objective of $40.31

More About NASDAQ:PLCE’s Shares

On Wednesday the NASDAQ:PLCE’s shares opened at $29.04. $9.25 is the twelve-month low and $88.47 is the twelve-month high of Children Place. The market cap of the company is $423.64 million. The PE ratio is -4.35 and the beta ratio is 1.84. The moving average of 50 days and 200 days of the company is $25.31 and $29.86, respectively. 

The data of quarterly earnings was last released by the company on 25th August. The EPS registered by the company for the quarter was $1.48. The $1.19 consensus estimate was missed by the company by $0.29. The revenue made by the business in the quarter was $368.92 million. The research analysts expected the revenue to be $363.50. 

Childrens Place (NASDAQ:PLCE) recorded 5.67% as a negative net margin and 15.09% as a positive return on equity. On a year-over-year basis, the firm says a decline in its revenue by 12.3%. Last year, at the same time, $0.19 was earned by the company per share. As for the present year, analysts believe that the company will record -2.31 EPS.

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