Montrose Environmental Group Inc (Symbol: MEG) shares recently traded at $31.16, exceeding the average 12-month analyst target price of $30.20. This significant price movement prompts analysts to consider either downgrading their target or adjusting it higher based on the company’s developments.
Analyzing the ratings from five analysts, there are variances; one set a target at $26.00 while another anticipates $35.00, resulting in a standard deviation of $4.086. Currently, MEG holds three “Strong Buy” ratings, one “Buy,” and two “Hold” ratings, with the average rating being 1.83, indicating an overall positive sentiment.
For further insight, Zacks Investment Research offers detailed analysis, making MEG a focal point for investors evaluating whether to hold or sell based on recent performance.
