Breaking Finance News

Jefferies Group recorded Reynolds American, Inc. (NYSE:RAI), bumping its target price to $61.00 today

Yesterday Reynolds American, Inc. (NYSE:RAI) traded 0.28% higher at $47.66. The company’s 50-day moving average is $49.51 and its 200-day moving average is $50.42. The last stock close price is down -5.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 729,337 shares of the stock were exchanged, down from an average trading volume of 4,416,670

Reynolds American, Inc. (NYSE:RAI) had its target price raised to $61.00 by Jefferies Group in a report released 09/21/2016. The new target price indicates a possible upside of 0.28% based on the company's last stock close price.

Previously on 9/13/2016, Citigroup reported about Reynolds American, Inc. (NYSE:RAI) raised the target price from $0.00 to $57.00. At the time, this indicated a possible upside of 0.19%.

See Chart Below

Reynolds American, Inc. (NYSE:RAI)

Reynolds American, Inc. has a 52 week low of $41.91 and a 52 week high of $54.48 with a P/E ratio of 12.9000 The company’s market cap is currently $0.

In addition to Jefferies Group reporting its target price, a total of 8 firms have issued a report on the stock. The consensus target price is $54.13 with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 2 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Reynolds American, Inc. (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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