Independent Research Reiterates “Sell” Rating for Principal U.S. Small-MidCap Multi-Factor Core Index ETF (NASDAQ:PSM)

Principal U.S. Small-MidCap Multi-Factor Core Index ETF (NASDAQ:PSM)‘s stock had its “sell” rating reaffirmed by equities researchers at Independent Research in a report issued on Friday, Stock Target Advisor reports. They presently have a $11.80 price objective on the stock. Independent Research’s target price indicates a potential downside of 53.80% from the stock’s previous close.

PSM has been the subject of a number of other research reports. UBS Group reiterated a “buy” rating and issued a $18.20 price objective on shares of Principal U.S. Small-MidCap Multi-Factor Core Index ETF in a report on Friday, October 18th. Berenberg Bank reiterated a “buy” rating and issued a $24.00 price objective on shares of Principal U.S. Small-MidCap Multi-Factor Core Index ETF in a report on Thursday, October 24th. Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 price objective on shares of Principal U.S. Small-MidCap Multi-Factor Core Index ETF in a report on Friday, October 25th. HSBC reiterated a “buy” rating and issued a $16.50 price objective on shares of Principal U.S. Small-MidCap Multi-Factor Core Index ETF in a report on Tuesday, October 22nd. Finally, Kepler Capital Markets reiterated a “buy” rating and issued a $18.00 price objective on shares of Principal U.S. Small-MidCap Multi-Factor Core Index ETF in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Principal U.S. Small-MidCap Multi-Factor Core Index ETF has a consensus rating of “Buy” and an average price target of $16.71.

Shares of NASDAQ PSM opened at $25.54 on Friday. The firm has a 50 day simple moving average of $24.53. Principal U.S. Small-MidCap Multi-Factor Core Index ETF has a 1 year low of $23.88 and a 1 year high of $25.54.

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Analyst Recommendations for Principal U.S. Small-MidCap Multi-Factor Core Index ETF (NASDAQ:PSM)

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