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Do Analysts Expect Petroleo Brasileiro ADR Reptg 2 (PBR) Stock to Rise After It Has Risen 19.16% in a Month?

Monday, January 30, 2023 12:48 PM | InvestorsObserver Analysts

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Do Analysts Expect Petroleo Brasileiro ADR Reptg 2 (PBR) Stock to Rise After It Has Risen 19.16% in a Month?

Wall Street is positive on Petroleo Brasileiro ADR Reptg 2 (PBR). On average, analysts give the stock a Hold rating. The average price target is $13.5, which means analysts expect the stock to increase by 19.26% over the next twelve months. That average ranking earns the stock an Analyst Rating of 3, which is better than 3% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.6
Wall Street analysts are rating PBR a Hold today. Find out what this means to you and get the rest of the rankings on PBR!

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 Petroleo Brasileiro ADR Reptg 2 Stock Today?

Petroleo Brasileiro ADR Reptg 2 (PBR) stock has risen 0.27% while the S&P 500 has fallen -0.77% as of 12:42 PM on Monday, Jan 30. PBR has risen $0.03 from the previous closing price of $11.29 on volume of 9,476,418 shares. Over the past year the S&P 500 is lower by -10.55% while PBR has fallen -15.21%. PBR earned $5.30 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.14. Click Here to get the full Stock Report for Petroleo Brasileiro ADR Reptg 2 stock.

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