A Critical Moment For Pebblebrook Hotel Trust (PEB), Tapestry, Inc. (TPR) – The RNS Daily

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A look at its monthly performance shows that Pebblebrook Hotel Trust (NYSE:PEB) has recorded a -4.11% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -12.68% and is now up by 9.5% since start of this year. The equity price sank -2.91% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 0.52% over the past three months which led to its overall six-month decrease to stand at -4%.

The shares of Pebblebrook Hotel Trust (PEB) dropped by -25.57% or -$10.65 from its last recorded high of $41.65 which it attained on June 06 to close at $31 per share. Over the past 52 weeks, the shares of Pebblebrook Hotel Trust has been trading as low as $26.59 before witnessing a massive surge by 16.59% or $4.41. This price movement has led to the PEB stock receiving more attention and has become one to watch out for. It dipped by -1.37% on Monday and this got the market worried. The stock’s beta now stands at 1.36 and when compared to its 200-day moving average and its 50-day moving average, PEB price stands -9.47% below and -3.06% below respectively. Its average daily volatility for this week is 2.48% which is more than the 2.07% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Pebblebrook Hotel Trust with most of them predicting a $35.32 price target on a short-term (12 months) basis. The average price target by the analysts will see a 13.94% rise in the stock and would lead to PEB’s market cap to surge to $4.55B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 11 analysts that track Pebblebrook Hotel Trust (NYSE:PEB) and find out that 4 of them rated it as a Hold. 6 of the 7 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at PEB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 44.19 point. Its trading volume has lost -136350 shares compared to readings over the past three months as it recently exchanged 1073650 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1210000 shares, and this is 0.89 times the normal volume.

The price of Tapestry, Inc. (NYSE:TPR) currently stands at $32.3 after it went down by $-0.27 or -0.83% and has found a strong support at $32.03 a share. If the TPR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $31.77 mark would also be bad for the stock as it means that the stock would plunge by 1.64% from its current position. However, if the stock price is able to trade above the resistance point around $32.66, then it could likely surge higher to try and break the upward resistance which stands at $33.03 a share. Its average daily volatility over the past one month stands at 2.22%. The stock has plunged by 0.53% from its 52-weeks high of $32.13 which it reached on Apr. 27, 2018. In general, it is 4.98% above its 52-weeks lowest point which stands at $30.69 and this setback was observed on Mar. 25, 2019.

Analysts have predicted a price target for Tapestry, Inc. (TPR) for 1 year and it stands at an average $43.37/share. This means that it would likely increase by 34.27% from its current position. The current price of the stock has been moving between $32.13 and $32.76. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $32. On the other hand, one analyst is super bullish about the price, setting a target as high as $54.

The TPR stock Stochastic Oscillator (%D) is at 21.87%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.57 which compares to the 2.3 recorded by the industry or the 2 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.3, which is lower than the 12.65 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -11.5% over the past five years.

Analysts view Tapestry, Inc. (NYSE:TPR) as a Buy, with 2 consensus rating. Reuters surveyed 32 analysts that follow TPR and found that 9 of those analysts rated the stock as a Hold. The remaining 23 were divided, with 23 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Tapestry, Inc. (TPR) shares or sell it if they already own it.

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