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Do Analysts Expect RLJ Lodging Trust (RLJ) Stock to Rise After It Is Higher By 9.62% in a Month?

Friday, November 24, 2023 12:58 PM | InvestorsObserver Analysts

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Do Analysts Expect RLJ Lodging Trust (RLJ) Stock to Rise After It Is Higher By 9.62% in a Month?

Wall Street is positive on RLJ Lodging Trust (RLJ). On average, analysts give RLJ a Buy rating. The average price target is $12.833, which means analysts expect the stock to climb by 22.45% over the next twelve months. That average ranking earns RLJ an Analyst Rating of 18, which is better than 18% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.4
Wall Street analysts are rating RLJ a Buy today. Find out what this means to you and get the rest of the rankings on RLJ!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With RLJ Lodging Trust Stock Today?

RLJ Lodging Trust (RLJ) stock is trading at $10.48 as of 12:51 PM on Friday, Nov 24, a rise of $0.08, or 0.72% from the previous closing price of $10.40. The stock has traded between $10.33 and $10.51 so far today. Volume today is light. So far 636,876 shares have traded compared to average volume of 1,382,308 shares. Click Here to get the full Stock Report for RLJ Lodging Trust stock.

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