Analyst Christopher O’Connell from Keefe Bruyette has adjusted the price target for Peapack-Gladstone (PGC, Financial), bringing it down from $40 to $38. Despite the revision, the analyst maintains an Outperform rating on the bank's stock, indicating continued confidence in its potential performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Peapack Gladstone Financial Corp (PGC, Financial) is $36.00 with a high estimate of $39.00 and a low estimate of $33.00. The average target implies an upside of 33.19% from the current price of $27.03. More detailed estimate data can be found on the Peapack Gladstone Financial Corp (PGC) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Peapack Gladstone Financial Corp's (PGC, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Peapack Gladstone Financial Corp (PGC, Financial) in one year is $38.04, suggesting a upside of 40.73% from the current price of $27.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Peapack Gladstone Financial Corp (PGC) Summary page.
