Analyst Rating: Will Membership Collective Group Inc (MCG) Stock Lead the Market?

Tuesday, December 06, 2022 03:10 PM | InvestorsObserver Analysts

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Analyst Rating: Will Membership Collective Group Inc (MCG) Stock Lead the Market?

Wall Street is positive on Membership Collective Group Inc (MCG). On average, analysts give MCG a Hold rating. The average price target is $7.125, which means analysts expect the stock to add by 82.69% over the next twelve months. That average ranking earns MCG an Analyst Rating of 3, which is better than 3% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating MCG a Hold today. Find out what this means to you and get the rest of the rankings on MCG!

See Full MCG Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Membership Collective Group Inc Stock Today?

Membership Collective Group Inc (MCG) stock is trading at $3.90 as of 3:07 PM on Tuesday, Dec 6, a decline of -$0.59, or -13.24% from the previous closing price of $4.50. The stock has traded between $3.86 and $4.47 so far today. Volume today is 468,024 compared to average volume of 558,237. Click Here to get the full Stock Report for Membership Collective Group Inc stock.