Price Target Change 3m

The 1 Month Price Target Change is the percent change in the broker price target over the past 3 months.

Stockopedia explains Price Target Change

Broker targets and recommendations as to whether clients should buy, sell or hold stocks are widely reported in the media. Despite this, the value of these recommendations is hotly debated as broker recommendations have historically exhibited a strong upward bias.

Researchers Jegadeesh, Kim, Krische and Lee found that the average analyst rating over the 1985 to 1999 period was close to a buy recommendation and sell or strong sell recommendation made up less than 5% of all recommendations. This is because most sell-side analysts work for brokerage houses which often have strong investment banking franchises, creating a potential conflict of interest when firms act as investment bankers to the companies their analysts cover.

Nevertheless, the consensus price target can be a useful benchmark of market sentiment around a given stock - it may also be used as a contrarian signal by value investors.

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The 5 highest Price Target Change Stocks in the Market

Ticker Name Price Target Change StockRank
NSQ:XOG Extraction Oil & Gas Inc 25400 33
LON:TPFG Property Franchise 16082.8 96
LON:FLO Flowtech Fluidpower 14483.33 90
LON:FUM Futura Medical 14445.45 26
LON:SQZ Serica Energy 10451.23 58
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