A statement released earlier today by Jefferies about Reynolds American (NYSE:RAI) bumps the target price to $61.00
- Updated: September 21, 2016
Jefferies raised the target price of Reynolds American (NYSE:RAI) to $61.00 reporting a possible upside of 0.28%.
Previously on Tuesday September 13, 2016, Citigroup released a statement about Reynolds American (NYSE:RAI) increased the target price from $0.00 to $57.00. At the time, this indicated a possible upside of 0.19%.
Just yesterday Reynolds American (NYSE:RAI) traded 0.28% higher at $47.66. RAI’s 50-day average is $49.51 and its 200-day moving average is $50.42. The last stock close price is down -5.21% relative to the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 729,337 shares of RAI changing hands under the typical 4,416,670
With a market cap of $0, Reynolds American has 52 week low of $41.91 and a 52 week high of $54.48 with a P/E ratio of 12.9000 .
In addition to Jefferies reporting its stock price target, a total of 8 brokers have issued a report on the company. The average stock price target is $54.13 with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 2 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Reynolds American (NYSE:RAI)
Reynolds American Inc. (RAI) is a holding company. The Company's segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc. (SFNTC). The American Snuff segment consists of the primary operations of American Snuff Company, LLC. Its RJR Tobacco segment manages contract manufacturing of cigarettes and tobacco products through arrangements with British American Tobacco p.l.c. (BAT) affiliates, and manages the export of tobacco products to certain United States territories, the United States duty-free shops and the United States overseas military bases. The American Snuff segment offers adult tobacco consumers a range of segregated smokeless tobacco products, primarily moist snuff. Its Santa Fe segment manufactures and markets super-premium cigarettes and other tobacco products.
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