PLYA Crosses Above Average Analyst Target
January 08, 2021 at 08:54 AM EST
In recent trading, shares of Playa Hotels & Resorts NV (PLYA) have crossed above the average analyst 12-month target price of $5.69, changing hands for $5.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..