Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $26.25 on Pennsylvania Real Estate Investment Trust (NYSE:PEI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.85 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 Pennsylvania Real Estate Investment Trust (NYSE:PEI) stands at N/A.
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 Pennsylvania Real Estate Invest, the PEG ratio for coming 3-5 years is 2.56.
The technical analysis highlights that Pennsylvania Real Estate Invest current is trading $0.21 points away or +0.90% from its 50-day moving average of $23.49. Further it is trading $1.98 or +9.09% away its 200-day moving average of $21.72.
The 52-week high of Pennsylvania Real Estate Investment Trust (NYSE:PEI) was $25.67 while lowest point recorded in 52-week was $16.42. It implies if stock price makes a movement of over $-1.97, it will record a new 52-week high. In the case of +44.34% drop, it will touch a new 52-week low.
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