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Do Analysts Agree Friday on Membership Collective Group Inc (MCG) Stock's Target Price?

Friday, October 07, 2022 02:08 PM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Membership Collective Group Inc (MCG) Stock's Target Price?

Analysts who follow Membership Collective Group Inc (MCG) on average expect it to add 160.13% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns MCG an Analyst Ranking of 13, which means it ranks higher than 13 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.2
Wall Street analysts are rating MCG a Buy today. Find out what this means to you and get the rest of the rankings on MCG!

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 $3.78 as of 2:06 PM on Friday, Oct 7, a drop of -$0.22, or -5.62% from the previous closing price of $4.00. The stock has traded between $3.61 and $3.98 so far today. Volume today is below average. So far 334,291 shares have traded compared to average volume of 484,611 shares. Click Here to get the full Stock Report for Membership Collective Group Inc stock.

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