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What is Wall Street's Target Price for PBF Energy Inc (PBF) Stock Wednesday?

Wednesday, November 22, 2023 01:10 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for PBF Energy Inc (PBF) Stock Wednesday?

Wall Street is positive on PBF Energy Inc (PBF). On average, analysts give PBF a Buy rating. The average price target is $54.454, which means analysts expect the stock to add by 20.15% over the next twelve months. That average ranking earns PBF an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating PBF a Buy today. Find out what this means to you and get the rest of the rankings on PBF!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With PBF Energy Inc Stock Today?

PBF Energy Inc (PBF) stock is trading at $45.32 as of 1:00 PM on Wednesday, Nov 22, a rise of $0.60, or 1.34% from the previous closing price of $44.72. The stock has traded between $43.58 and $45.59 so far today. Volume today is below average. So far 496,171 shares have traded compared to average volume of 2,029,698 shares. Click Here to get the full Stock Report for PBF Energy Inc stock.

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