In a report released today, Eric Stine from Craig-Hallum assigned a Buy rating to PureCycle Technologies (PCT – Research Report). The company’s shares closed last Friday at $5.55.
According to TipRanks, Stine is a 4-star analyst with an average return of 5.0% and a 36.26% success rate. Stine covers the Industrials sector, focusing on stocks such as PureCycle Technologies, Plug Power, and Chart Industries.
Currently, the analyst consensus on PureCycle Technologies is a Moderate Buy with an average price target of $5.00, implying a -9.91% downside from current levels. In a report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $6.00 price target.
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PCT market cap is currently $910.5M and has a P/E ratio of -9.98.
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PureCycle Technologies (PCT) Company Description:
Roth CH Acquisition I Co is a blank check company. It is formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Read More on PCT:
- Short Report: Bears boost WW exposure ahead of earnings after marketing debacle
- PureCycle Technologies Eases Bond Covenants, Buys Back Debt
- Largest borrow rate increases among liquid names
- PureCycle Technologies Appoints Jaime Vasquez as CFO
- PureCycle Technologies Enhances Bondholder Agreement Terms
