Shares of Reed’s (NYSE:REED) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price objective of $7.50 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Reed’s an industry rank of 180 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on REED. Zacks Investment Research raised shares of Reed’s from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. Wunderlich reaffirmed a “buy” rating and issued a $8.00 target price (down from $10.00) on shares of Reed’s in a report on Friday, August 5th.
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Shares of Reed’s (NYSE:REED) traded down 2.35% during midday trading on Friday, hitting $4.15. 5,967 shares of the stock were exchanged. Reed’s has a 12 month low of $2.25 and a 12 month high of $6.91….
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