Benchmark Co. announced Seagate Technology PLC (NASDAQ:STX), bumping up its stock price target to $45.00 today
- Updated: October 11, 2016
In a report issued Tuesday October 11, 2016 Benchmark Co. raised the target price of Seagate Technology PLC (NASDAQ:STX) from $32.00 to $45.00 stating a potential upside of 0.19%.
On Friday October 07, 2016, BTIG Research released a statement about Seagate Technology PLC (NASDAQ:STX) upped the target price from $36.00 to $45.00 that suggested an upside of 0.18%.
Having a price of $37.97, Seagate Technology PLC (NASDAQ:STX) traded -5.81% lower on the day. With the last stock price up 23.58% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. STX has recorded a 50-day average of $35.86 and a two hundred day average of $28.94. Volume of trade was up over the average, with 6,072,230 shares of STX changing hands over the typical 5,130,260
With a total market value of $0, Seagate Technology PLC has price-earnings ratio of 43.62 with a one year low of $18.42 and a one year high of $49.43 .
A total of 25 equity analysts have released a ratings update on STX. Four equity analysts rating the company a strong buy, four equity analysts rating the company a buy, twenty equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $27.84.
Brief Synopsis About Seagate Technology PLC (NASDAQ:STX)
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company's principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets.
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