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Do Analysts Expect Scotts Miracle-Gro Co (SMG) Stock to Rise After It Has Fallen -21.12% in a Month?

Tuesday, October 04, 2022 02:23 PM | InvestorsObserver Analysts

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Do Analysts Expect Scotts Miracle-Gro Co (SMG) Stock to Rise After It Has Fallen -21.12% in a Month?

InvestorsObserver is giving Scotts Miracle-Gro Co (SMG) an Analyst Rating Rank of 18, meaning SMG is ranked higher by analysts than 18% of stocks. The average price target for SMG is $87.285 and analyst’s rate the stock as a Buy.

Overall Score - 3.5
Wall Street analysts are rating SMG a Buy today. Find out what this means to you and get the rest of the rankings on SMG!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Scotts Miracle-Gro Co Stock Today?

Scotts Miracle-Gro Co (SMG) stock is trading at $45.68 as of 2:14 PM on Tuesday, Oct 4, a rise of $1.95, or 4.46% from the previous closing price of $43.73. The stock has traded between $44.86 and $46.50 so far today. Volume today is 657,431 compared to average volume of 833,735. Click Here to get the full Stock Report for Scotts Miracle-Gro Co stock.

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