Best Buy (NYSE: BBY) had its price target upped by Janney Montgomery Scott from $18.00 to $21.00 in a research report sent to investors on Monday morning. The firm currently has a buy rating on the stock.
Shares of Best Buy opened at 19.06 on Monday. Best Buy has a 52 week low of $11.20 and a 52 week high of $27.95. The stock’s 50-day moving average is currently $16.08. The company’s market cap is $6.443 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 11th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, March 19th.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein raised their price target on shares of Best Buy from $12.00 to $16.00 in a research note to investors on Monday. They now have a market perform rating on the stock. Separately, analysts at Piper Jaffray raised their price target on shares of Best Buy to $16.00 in a research note to investors on Monday. They now have a buy rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Best Buy from $13.00 to $17.00 in a research note to investors on Monday. They now have a hold rating on the stock.
Four equities research analysts have rated the stock with a buy rating, sixteen have given a hold rating, one has assigned an underweight rating, and one has assigned a sell rating to the company. The company has a consensus rating of hold and an average target price of $16.63.
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