The Priceline Group (PCLN) : The consensus on The Priceline Group (PCLN) based on 21 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
The Priceline Group (PCLN) : Currently there are 16 street experts covering The Priceline Group (PCLN) stock. The most bullish and bearish price target for the stock is $1700 and $790 respectively for the short term. The average price target of all the analysts comes to $1491.56. The estimated standard deviation from the target is $203.75.
For the current week, the company shares have a recommendation consensus of Buy. The Priceline Group (NASDAQ:PCLN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1408.75 and $1405.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1416.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1406.92, notching a gain of 0.05% for the day. The total traded volume was 301,355 . The stock had closed at $1406.28 on the previous day.
In a related news,The director officer (Interim CEO & President) of Priceline Group Inc., Boyd Jeffery H sold 3,000 shares at $1354.01 on August 1, 2016. The Insider selling transaction had a total value worth of $4,062,030. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company, through its online travel agent (OTA) services, connects consumers wishing to make travel reservations with providers of travel services across the world. The Companys brands include Booking.com, KAYAK, agoda.com, rentalcars.com and OpenTable. The Company offers consumers accommodation reservations, including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties, through its Booking.com, priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.