What is Wall Street's Target Price for Brigham Minerals Inc (MNRL) Stock Monday?

Monday, December 19, 2022 01:26 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Brigham Minerals Inc (MNRL) Stock Monday?

InvestorsObserver is giving Brigham Minerals Inc (MNRL) an Analyst Rating Rank of 35, meaning MNRL is ranked higher by analysts than 35% of stocks. The average price target for MNRL is $34.8 and analyst’s rate the stock as a Buy.

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

See Full MNRL 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 Brigham Minerals Inc Stock Today?

Brigham Minerals Inc (MNRL) stock is trading at $32.62 as of 1:26 PM on Monday, Dec 19, a loss of -$0.65, or -1.95% from the previous closing price of $33.27. The stock has traded between $32.57 and $33.88 so far today. Volume today is light. So far 63,444 shares have traded compared to average volume of 492,590 shares. Click Here to get the full Stock Report for Brigham Minerals Inc stock.