SVM Crosses Above Average Analyst Target
February 03, 2020 at 09:01 AM EST
In recent trading, shares of Silvercorp Metals Inc (SVM) have crossed above the average analyst 12-month target price of $5.13, changing hands for $5.20/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..