ECPG Crosses Above Average Analyst Target
August 07, 2017 at 09:01 AM EDT
In recent trading, shares of Encore Capital Group Inc (ECPG) have crossed above the average analyst 12-month target price of $42.56, changing hands for $42.65/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..