Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $26.4600 on CU Bancorp (CA) (NASDAQ:CUNB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.4800 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of CU Bancorp (CA) (NASDAQ:CUNB) stands at 17.4733.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For CU Bancorp (CA), the PEG ratio for coming 3-5 years is 2.0300.
The technical analysis highlights that CU Bancorp (CA) current is trading $-0.0866 points away or -0.3631% from its 50-day moving average of $23.8503. Further it is trading $1.0718 or +4.7233% away its 200-day moving average of $22.6919.
The 52-week high of CU Bancorp (CA) (NASDAQ:CUNB) was $27.6600 while lowest point recorded in 52-week was $20.3500. It implies if stock price makes a movement of over $-3.8963, it will record a new 52-week high. In the case of +16.7749% drop, it will touch a new 52-week low.
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