The Priceline Group (NASDAQ:PCLN) : 20 analysts are covering The Priceline Group (NASDAQ:PCLN) and their average rating on the stock is 1.8, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. The Priceline Group (NASDAQ:PCLN) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
The Priceline Group (NASDAQ:PCLN) : The most positive equity analysts on The Priceline Group (NASDAQ:PCLN) expects the shares to touch $1660, whereas, the least positive believes that the stock will trade at $790 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $1425.73 with an expected fluctuation of $196.73 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Barclays upgrades its outlook on The Priceline Group (NASDAQ:PCLN). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The brokerage firm raises the price target from $1.30K per share to $1.50K per share. The rating by the firm was issued on June 22, 2016.
The Priceline Group (NASDAQ:PCLN): stock turned positive on Tuesday. Though the stock opened at $1217.98, the bulls momentum made the stock top out at $1235.7 level for the day. The stock recorded a low of $1188.85 and closed the trading day at $1204.25, in the green by 1.53%. The total traded volume for the day was 1,205,971. The stock had closed at $1186.05 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Tans Gillian, officer (President & CEO, Booking.com) of Priceline Group Inc., had unloaded 131 shares at an average price of $1281.95 in a transaction dated on May 16, 2016. The total value of the transaction was worth $167,935.
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.