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Regal-Beloit (NYSE:RBC) target dropped to $64.00, issued a ratings update today by Seaport Global Securities

Yesterday Regal-Beloit (NYSE:RBC) traded -1.82% lower at $58.18. Regal-Beloit’s 50-day average is $60.96 and its two hundred day average is $60.26. The last stock close price is down -5.22% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was down over the average, with 22,119 shares of RBC changing hands under the typical 333,759

In a report issued 9/27/2016 Seaport Global Securities bumped down the target of Regal-Beloit (NYSE:RBC) from $68.00 to $64.00 reporting a potential upside of 0.10%.

Recent Performance Chart

Regal-Beloit (NYSE:RBC)

Regal-Beloit has a one year low of $47.77 and a one year high of $68.45 with a PE ratio of 18.02 RBC’s total market value is presently $0.

Also covering Regal-Beloit's target, a total of 11 brokerages have released a report on the stock. The consensus target price is $63.91 with 2 firms rating the stock a strong buy, six analysts rating the company a buy, seven brokerages rating the stock a hold, zero analysts rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

About Regal-Beloit (NYSE:RBC)

Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Its Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning (HVAC), and power and oil and gas systems. Its Climate Solutions segment produces small motors, controls and air moving solutions serving markets, including residential and light commercial HVAC, and commercial refrigeration. Its Power Transmission Solutions segment manufactures, sells and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives and specialty mechanical products.

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